PTBP Web Desk
Silver prices continued their remarkable rally on Thursday, reaching new record highs in both local and international markets, while gold maintained its stability. According to market experts and traders, this surge in silver prices reflects growing investor interest in precious metals as a hedge against inflation and currency volatility.
The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price of gold per tola remained unchanged at Rs425,178, while the rate for 10 grams of gold held steady at Rs364,521. On the global stage, gold prices stood firm at USD 4,039 per ounce, showing no major fluctuation from previous sessions.
This stability in gold prices is attributed to mixed signals from global financial markets. While inflation fears persist, expectations of stable U.S. interest rates and a steady dollar have kept gold trading within a narrow range. Analysts suggest that gold’s firmness indicates continued investor confidence in the metal as a store of value, even as silver sees a sharp upward momentum.
In contrast to gold’s stability, silver prices recorded another day of strong gains. The price of silver per tola climbed by Rs82 to reach Rs5,066, while 10 grams of silver saw an increase of Rs71, bringing the rate to Rs4,343.
Internationally, silver prices advanced to USD 50 per ounce, marking a USD 1 gain from the previous session. This consistent rise highlights robust demand for silver in industrial and investment sectors. The increase comes amid strong global market trends where silver is increasingly being seen as a dual-purpose metal—used both for industrial applications and as an investment asset.
Experts believe that silver’s recent rally is driven by factors such as increased demand from the renewable energy and electronics industries, as well as speculation in global commodity markets. With growing global attention toward green technologies, silver’s role in solar panel manufacturing and electronic circuits has significantly boosted its value.
Traders in Pakistan noted that local market prices for gold and silver can vary slightly from those officially quoted by the Sarafa Association due to differences in supply, demand, and market liquidity. The open market may reflect different trends based on investor sentiment and fluctuations in the Pakistani rupee’s value against the U.S. dollar.
Despite silver’s rapid gains, gold’s steady performance continues to attract traditional investors who view it as a more stable store of wealth. However, newer investors seeking short-term gains are increasingly turning to silver, anticipating continued upward movement in the near future.
According to economic analysts, the divergence between gold and silver trends signals changing market behavior. While gold is primarily influenced by central bank policies and inflation trends, silver’s price is more sensitive to industrial demand and speculative trading.