KARACHI (Kashmir English): The global market witnessed a major upheaval in gold and silver prices on Thursday night, and fell 5 percent after a sharp increase in prices.
The price of gold in the international bullion market suddenly fell 5 percent to $5,109 after touching a record high of $5,594.
According to experts, massive profit-taking by investors after the record increase resulted Gold crash, but it is still in the best position since 1980, with a 24 percent increase every month.
On the other hand, the price of silver also fell by $7 to $114 after reaching a high of $121. Analysts say that speculation in smaller markets like silver and platinum has increased much more than the actual price.
The Union Bank of Switzerland (UBS) has predicted that gold could reach a record high of $6,200 per ounce in the global market by mid-2026.
Gold Prices in Pakistan Today
The gold price in Pakistan increased on Thursday, with per tola gold reaching Rs 572,862, an increase of Rs 21,200 in a single day.
According to the All Pakistan Gems and Jewelers Association, the overall price of gold increased by Rs 36,000 per tola, while in the last two days, the price has increased by Rs 42,300, which is the biggest increase in two days this year.
Similarly, the price of 10 grams of gold has also increased by Rs 18,175, reaching Rs 491,136.
In the country, 22-karat gold has become Rs 519,750 while 21-karat gold has become Rs 496,125 per tola. The price of silver has also increased, and per tola has reached Rs 12,175.
The price of gold has also increased in the global market by $ 212 to $ 5,505 per ounce. It should be noted that in January 2026 alone, the price of gold has increased by Rs 115,900.
Silver is also increasing rapidly in the global market and is moving towards $ 120 per ounce.
Due to geopolitical, political, and economic uncertainties, investors are increasingly turning to safe assets, as a result of which gold prices are rising rapidly in the global market, including Pakistan, and gold has set new historical highs.
