KARACHI: Gold and silver prices have extended their steep upward trajectory for the second day in a row across global and local markets, setting unprecedented record highs.
In the international bullion market, gold surged by an impressive $212 per ounce, reaching a historic peak of $5,504 per ounce, according to market data.
This global uptick had a significant ripple effect on domestic markets. In Pakistan, the price of gold jumped by Rs 21,200 per tola on Thursday, pushing it to an all-time high of Rs 572,862 per tola, marking an unparalleled milestone in the country’s history.
The surge follows an already dramatic increase of Rs 21,100 per tola just a day earlier, culminating in a staggering two-day rise.
Similarly, the price of 10 grams of gold witnessed a steep hike of Rs 18,175, now standing at Rs 491,136.
Silver prices also maintained their rising momentum, shattering previous records. The cost of one tola of silver climbed by Rs 264 to reach Rs 12,175, while 10 grams rose by Rs 227 to settle at Rs 10,438.
Experts attribute this sharp escalation in precious metal prices to robust international demand coupled with heightened uncertainty in global financial markets.
