KARACHI (Web Desk) – Gold and silver prices surged to historic highs in both international and local markets on Wednesday, marking the biggest single-day increase on record.
In the international bullion market, the price of gold jumped sharply by $211 per ounce to reach a new all-time high of $5,293 per ounce. Analysts attribute the unprecedented rise to strong global demand, market uncertainty, and increased investor interest in safe-haven assets.
Following the surge in global prices, gold rates in Pakistan also witnessed a massive increase. The price of gold per tola rose by Rs21,100, reaching a record high of Rs551,662. Similarly, the price of 10 grams of gold increased by Rs18,090 to settle at Rs472,961.
Silver prices also climbed to new peaks. The price of silver per tola increased by Rs271 to reach Rs11,911, while the price of 10 grams of silver rose by Rs232 to Rs10,211.
Market experts say continued volatility in global financial markets, inflation concerns, and geopolitical uncertainties have driven investors toward precious metals, pushing prices to unprecedented levels.
The sharp rise has raised concerns among consumers and jewellers, while investors view the surge as a strong signal of gold’s growing appeal as a hedge against economic instability.
