Similarly, the price of 10 grams of 24 karat gold began the day at Rs394,600, following an increase of Rs4,887 earlier. Traders noted that buying interest remained steady as investors continued to view gold as a safe place to park their money during uncertain times.
In the international market, gold prices remained under pressure despite strong long-term demand. Spot gold slipped to $4,379 per ounce, as investors reacted to changing expectations around interest rate cuts, geopolitical tensions, and mixed economic signals.
Analysts say that frequent market swings have become the new normal as global events continue to shape investor sentiment.
Central banks and exchange-traded funds (ETFs) are still increasing their gold holdings, which is helping the metal hold its ground even during short-term pullbacks.
Looking ahead, experts remain optimistic about gold’s future. Market watchers believe gold prices could climb further in 2026, possibly touching new record levels in dollar terms.
Rising inflation, political uncertainty, and strong demand from Asian markets such as China and India are expected to keep gold in the spotlight.
Several major financial institutions have projected that gold prices may approach $5,000 per ounce by 2026, as investors continue to seek stability in a shaky global economy. In Pakistan, gold prices are also influenced by movements in the Pakistani Rupee, making local rates sensitive to currency changes.
Meanwhile, silver prices also recorded firmness. The price of per tola silver opened at Rs7,862, while 10 grams of silver stood at Rs6,740, following an increase of Rs195 in the previous session.
Overall, the precious metals market remains driven by caution and confidence at the same time. While short term fluctuations may continue, gold’s long standing role as a store of value keeps it firmly on investors’ radar.
