Gold and silver prices surge amid global market volatility

Gold and silver prices have experienced a significant surge across international and domestic markets, including India and Pakistan. In India, gold prices have reached record highs, with 24-carat gold trading above ₹1,60,000 per 10 grams in several major cities. Silver has also seen substantial gains, with some markets reporting increases of over ₹10,000 per kilogram in short periods.

In Pakistan, the upward trend is mirrored, with 24-carat gold prices rising sharply due to international bullion trends. Analysts attribute the global rally to a weakening US dollar, falling Treasury bond yields, and increased demand for safe-haven assets amid geopolitical tensions and economic uncertainty.

Financial reports suggest that central bank gold purchases and concerns regarding currency debasement are further driving the demand for precious metals. While the surge provides opportunities for investors, it has also increased costs for retail consumers ahead of festive and wedding seasons.