Gold and silver prices recorded a second consecutive day of strong gains in Pakistan’s local bullion market, reflecting continued momentum in precious metals.
According to the All Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold per tola increased by Rs. 3,200, reaching Rs. 467,962. Meanwhile, the price of 10 grams of gold rose by Rs. 2,743, settling at Rs. 401,201.
Silver prices also moved higher, with the per-tola rate climbing by Rs. 338 to reach Rs. 8,361.
The upward trend was mirrored in international markets, where gold prices gained $32 per ounce, pushing the global rate to $4,456.
Market analysts note that major financial institutions and investment banks continue to expect overall strength in gold prices through 2026. While claims of price corrections are circulating on social media and informal financial platforms, experts maintain that broader economic factors remain supportive.
These factors include global economic uncertainty, interest rate expectations, movements in the US dollar, and ongoing geopolitical tensions — all of which influence fluctuations in gold and silver prices. Despite short-term volatility, the long-term trend is widely seen as bullish.
A senior member of the Karachi Gold Association, Abdullah Chand, stated that both gold and silver are currently in a strong upward phase locally and internationally, adding that there are no credible signals pointing toward a sustained decline.
Meanwhile, Rawalpindi Sarafa Association member Muhammad Mujtaba noted that while price volatility may increase at the start of 2026, the broader direction of gold prices is expected to remain positive. He added that market dynamics and investor behavior suggest gold still has the capacity to establish new price levels, with limited chances of any long-term downturn.
