Dawn
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03:23 Jan 25, 2026
KARACHI: A jump of $65 per ounce to $4,988 has pushed domestic 10-gram and one-tola gold (24kt) rates to new all-time highs of Rs446,812 and Rs524,162, respectively, reflecting an increase of Rs5,573 and Rs6,600 from Friday’s rates. Rates issued by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), based on interbank exchange rates, quoted the one-tola silver (24kt) rate at Rs10,801, up Rs526, while the 10-gram rate rose Rs451 to Rs9,260. This follows an increase in the world silver price by $5.26 per ounce to $103.26. Gold and silver continue to attract global investors, including in Pakistan, as safe-haven assets amid ongoing geopolitical tensions and expectations of further US interest rate cuts. Previously, the Ukraine-Russia war, the Gaza-Israel conflict, and US-imposed tariffs under President Donald Trump had driven gold prices to record highs. APSGJA President Qasim Shikarpuri said the recent rise in gold prices was also influenced by Trump’s statements on imposing higher tariffs on Europ...