KARACHI: Gold and silver prices rose in Pakistan on Saturday, February 7, 2026, following an upward trend in the international bullion market, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
The price of 24-karat gold per tola increased by Rs11,700, reaching Rs519,462 in the local market. Similarly, the price of 10 grams of 24-karat gold went up by Rs10,030 to Rs445,354.
Silver prices also climbed, with a rise of Rs444 per tola, bringing it to Rs8,269. In the international market, gold gained $117, trading at $4,967 per ounce.
Market analysts said that the long-term outlook for gold remains positive due to ongoing global economic uncertainty and strong demand for safe-haven assets.
They noted that gold’s intrinsic value, limited supply, and independence from government and central bank policies make it an effective hedge against inflation, currency depreciation, and wider economic instability.
Gold has long been seen as a symbol of wealth and prosperity. Beyond its ornamental use, it has historically served as a safe-haven asset, offering protection during economic uncertainty, geopolitical tensions, and financial volatility.
In recent years, gold’s appeal as a secure investment has grown further as both institutional and retail investors seek stability amid ongoing global economic and political uncertainty.
“Gold has climbed back about the key $5,000 level, … (as) geopolitical tensions have lifted the metal’s safe-haven appeal after US forces downed an Iranian drone,” said Jigar Trivedi, a senior research analyst at IndusInd Securities.
The US military said on Tuesday that it shot down an Iranian drone that “aggressively” approached the Abraham Lincoln aircraft carrier in the Arabian Sea, an incident first reported by Reuters.
Meanwhile, nuclear talks between the US and Iran are underway in Oman, Axios reporter Barak Ravid said, citing an Arab source.