Gold prices surge to historic high in Pakistan

KARACHI: Gold prices in Pakistan soared to unprecedented levels yesterday, with a tola reaching Rs 551,662, an increase of Rs 21,100 in a single day, the highest jump ever recorded in the country’s history. Similarly, 10 grams of gold climbed by Rs 18,090, reaching Rs 472,961.

Market analysts say the record-breaking spike reflects the broader surge in global gold prices, which hit $5,097 per ounce amid strong investor demand and economic uncertainty. The $109 increase in a single day underscores growing interest in safe-haven assets as concerns over inflation, interest rates, and global economic stability continue.

Leading global financial institutions, including Goldman Sachs, have suggested that gold prices could climb even further, potentially surpassing $5,400 per ounce if current trends continue, adding upward pressure on local markets.

This historic increase surpasses the previous single-day record in Pakistan, which occurred on October 17, 2025, when gold prices rose by Rs 14,100 per tola. Silver prices also mirrored the upward trend, hitting a new high of Rs 11,428 per tola.

Experts warn that volatility in international financial markets could maintain elevated precious metal prices in the coming weeks, keeping both gold and silver markets under close watch by investors and consumers alike.