Gold and silver prices on August 8, 2025
Gold and Silver Prices in Pakistan on August 8, 2025
Gold and silver prices in Pakistan have been making headlines recently, with both metals showing significant movement on August 8, 2025.
The price for 10 grams of gold in Pakistan on this day was Rs310,956, marking a rise of Rs428 compared to the previous day. Similarly, the price for 10 grams of silver was Rs3,491, a slight increase from the previous day's price.
Gold, often considered an inflation hedge and a safe-haven asset, gains support in times of economic uncertainty. In countries like Pakistan, where economic and political factors can contribute to instability, gold's appeal as a secure investment option becomes more prominent. Last year, gold prices in Pakistan saw fluctuations due to the devaluation of the rupee and economic and political uncertainty.
The global gold price is influenced by a variety of factors, including geopolitical instability, inflation rates, monetary policy, currency movements, supply constraints, investment demand, market sentiment, and trade policies. For instance, tensions around the Ukraine war and related events have pushed gold prices upward recently.
In Pakistan, the price of gold is fixed by the respective Sarafa associations in their cities. On this particular Friday, the price of 1 tola of gold increased by Rs500, resulting in a rate of Rs362,700 per tola for 24 carat gold.
Internationally, the rate of gold increased by $5 to settle at $3,400 per ounce on August 8, 2025. Gold, being a worldwide commodity similar to oil, closely follows the trajectory of the US dollar and international rates of the commodity.
Jewelry is one of the drivers of gold prices, but its influence is relatively weaker, as most people buy jewelry to keep it for years. Gold is valued across cultures as a store of value, a symbol of wealth, and a means to hedge against inflation and economic uncertainty.
Silver, another precious metal, also saw a rise in its price on August 8, 2025, with the silver rate in Pakistan being Rs4,073 per tola for 24 carat silver.
When the rupee is under pressure, investors take refuge in gold as a safe-haven metal. As Pakistan continues to navigate economic challenges, the prices of gold and silver are likely to remain a key topic of interest.
- In Pakistan, the valuation of 10 grams of gold increased by Rs428 on August 8, 2025, reflecting an interest in secure investment options during economic uncertainty.
- The price of gold is influenced globally by factors such as inflation rates, investment demand, geopolitical instability, and monetary policy, with tensions around the Ukraine war pushing gold prices upward recently.
- On August 8, 2025, the price of silver in Pakistan was Rs3,491, following the global commodities index and reflecting its value as a precious metal.
- Gold is coveted across cultures for its role as a store of value, a symbol of wealth, and a means to hedge against inflation and economic instability, like that currently experienced in Pakistan.
- The price of gold and silver in Pakistan is fixed locally, with the price of 1 tola of gold rising by Rs500 on that specific Friday.
- Wealth managers and investors often look to commodities like gold and silver, particularly during periods of economic instability, to safeguard their financial resources and manage risk.
