KARACHI — After a brief one-day pause, gold and silver prices have risen again in both international and local markets, reversing the previous day’s decline, according to market sources.
Local Market Gains
In Pakistan, the price of gold per 10 grams increased by Rs10,030 to reach Rs445,354. The price per tola rose by Rs11,700 to Rs519,462. Silver also saw gains, with the price per 10 grams increasing by Rs381 to Rs7,089 and the price per tola rising by Rs444 to Rs8,269.
This recovery follows a sharp drop on Friday when the price of 24-karat gold per tola fell by Rs21,400 to Rs507,762, while 10 grams of 24-karat gold decreased by Rs18,347 to Rs435,324. Similarly, 10 grams of 22-karat gold dropped by Rs16,819 to Rs399,061.
Silver prices also declined previously, with per-tola silver losing Rs1,430 to Rs7,825 and 10 grams of silver falling by Rs1,226 to Rs6,708, according to the All Pakistan Sarafa Gems and Jewellers Association.
International Market Trends
In global markets, gold per ounce rose by $117 to $4,967, while silver gained $14.30, reaching $73.50 per ounce after a prior dip. The previous day had seen gold fall by $214 to $4,850 per ounce and silver drop by $14.30.
Reuters reported that in India, gold premiums more than halved from decade-high levels this week as price volatility deterred buyers. Conversely, demand in China picked up ahead of the Lunar New Year, following a pullback from record prices.
Gold Prices Surge Again in Pakistan, Jumping Thousands of Rupees
Bullion dealers in India charged premiums of up to $70 per ounce over official domestic prices this week, including 6% import duty and 3% sales tax, down from last week’s $153 premium—the highest since December 2013.
Outlook
Analysts suggest that local gold and silver prices are likely to continue reflecting international trends, influenced by global bullion demand, geopolitical factors, and domestic economic conditions. Investors and traders are advised to monitor market fluctuations closely as volatility remains high.
