Silver rate in Pakistan rises above Rs9,900 per tola as gold prices jump Rs4,300

ISLAMABAD: Silver prices in Pakistan continued their upward momentum on Tuesday, driven by strong demand in the local bullion market.

According to the Sarafa Bazaar Association, silver was traded at Rs9,932 per tola, while 10 grams cost Rs8,515. The price of one gram stood at Rs851.5, and one ounce reached Rs26,613.

Gold prices also saw a sharp increase, rising by Rs4,300 to a record high of Rs493,662 per tola. Similarly, 10 grams of gold surged by Rs3,686 to Rs423,235.

Analysts attribute the surge to strong global demand, fluctuations in international prices, and a weakening Pakistani rupee. Experts caution that further volatility is likely in the coming days, with the potential for additional price increases if the global upward trend continues.

This follows Monday’s sharp rise, when gold prices jumped Rs7,500 per tola to Rs489,362, and 10 grams increased by Rs6,431 to Rs419,549, reflecting ongoing economic uncertainty.

Amid these fluctuations, Pakistan’s export sector has been a bright spot. The country has emerged as the world’s third-largest rice exporter, with total exports increasing 14 per cent month-on-month in December 2025.

Basmati rice exports alone grew by more than 50 per cent, with key markets including the UAE, China, Tanzania, Kenya, andthe Ivory Coast. Analysts say this growth provides a welcome boost to the national economy, offering some stability amid rising precious metal prices.