KARACHI: Local and international gold and silver prices continued to hit new record levels on Saturday driven by the global “geopolitical tension”, traders said.
Gold prices reached new historic height of Rs521,162 per tola and Rs446,812 per 10 grams, surging by Rs6,500 and Rs5,573, respectively, according to All Pakistan Sarafa Gems and Jewellers Association.
World market gained USD65, pushing gold bullion value to fresh all-time high of USD4,988 per ounce. Similarly, silver prices hit new yardstick of USD103.26 per ounce, up by USD5.26, it cited.
Domestic silver prices also soared to record high of Rs10,801 per tola and Rs9,260 per 10 grams, rising by Rs526 and Rs451, respectively, the association added.
“Gold in local and international markets are at the highest ever levels. Similarly, silver has crossed triple digits. It is history now,” Abdullah Razzaq, the association’s representative said. He added that gold and silver reached historic levels both in local and international markets simultaneously due to the international geopolitical tension. It is worth noting that the open market may trade gold and silver at different prices as compared to those officially established by the association.
Copyright Business Recorder, 2026
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