Gold, silver, and Bitcoin prices surged globally and in Pakistan as investors shifted toward safe-haven assets amid inflation concerns, economic uncertainty, and rising international market volatility.
WEBDESK – UzGul – MEDIABITES NEWS
Gold and Bitcoin Continue Upward Rally
Gold, silver, and Bitcoin prices witnessed another strong surge on Friday as investors continued moving toward safe-haven and digital assets amid global economic uncertainty. The rise in precious metals and cryptocurrency prices reflects growing concerns over inflation, currency fluctuations, and international market volatility.
In Pakistan, the price of 24-karat gold reached Rs. 459,300 per tola, marking one of the highest levels recorded in the local bullion market. The international gold rate also climbed sharply to $4,530 per ounce, showing strong demand from global investors and central banks.
Silver Prices Also Record Major Increase
Silver prices followed the same trend in both domestic and international markets. In Pakistan, silver was traded at Rs. 8,034 per tola, while the international silver rate stood at $74.64 per ounce. Analysts say industrial demand and investor interest are helping silver maintain its upward momentum.
Bullion traders noted that uncertainty in global financial markets has encouraged people to invest in precious metals as a hedge against inflation and economic instability. The steady increase in international commodity prices is also directly impacting local market rates.
Bitcoin Crosses Rs. 29 Million in Pakistan
Meanwhile, Bitcoin continued its impressive rally, trading above Rs. 29 million in Pakistan’s crypto market. The world’s largest cryptocurrency has gained significant investor attention in recent weeks as digital assets continue attracting institutional and retail buyers globally.
Market experts believe the combination of rising inflation fears, weakening fiat currencies, and increasing crypto adoption is supporting the ongoing rally in Bitcoin and precious metals. Investors are now closely monitoring upcoming global economic developments that could further influence market trends in the coming days.
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