Gold prices have risen sharply around the world and in Pakistan, reaching record levels due to growing geopolitical tensions and strong demand from buyers.
On the international market, the price of spot gold went above $4,300 per ounce for the first time on Thursday, increasing by 7.6% over the week. This rise is linked to renewed trade tensions between the United States and China, as well as expectations that the US may cut interest rates soon. On Friday, gold prices jumped again by $141 per ounce, setting a new all-time high of $4,358 per ounce.
These increases were also seen in Pakistan’s gold market. The price of 24-carat gold per tola (a traditional weight measure) rose by Rs14,100, reaching Rs456,900, the highest ever recorded. Similarly, the price per 10 grams of gold increased by Rs12,089, reaching Rs391,718—also a new record.
Silver prices also went up. The price of silver per tola increased by Rs167 to Rs5,504, and per 10 grams, silver rose by Rs143, reaching Rs4,718.
Experts say the rise in gold prices is supported by strong buying from central banks in countries like China, Brazil, India, Saudi Arabia, and Dubai. Additionally, people are buying gold coins in the US, Russia, and Germany. This growing demand has strengthened gold’s reputation as a safe-haven asset—a valuable investment during uncertain times.
Analysts predict that gold prices could reach $5,000 per ounce in 2026, which may continue to put pressure on prices both globally and in Pakistan.