Gold And Silver Prices Rise In Local And Global Markets

On February 23, 2026, gold and silver prices surged significantly in both global and local markets, reflecting a strong bullish trend. Gold prices in Pakistan increased by Rs3,000 to reach Rs534,562 per tola, while silver prices also saw a notable rise. The Multi Commodity Exchange reported that gold futures for April delivery rallied by ₹2,946, or 1.88%, to ₹1,59,822 per 10 grams, with a business turnover of 7,515 lots. The increase in prices is attributed to a combination of factors, including geopolitical tensions and economic uncertainty, particularly following a US Supreme Court ruling on tariffs that has heightened market volatility. As reported by Geo Business, spot gold climbed by 1.1% to $5,158.29 per ounce, while spot silver rose 2.9% to $86.98 per ounce, indicating a robust demand for safe-haven assets amid global financial instability.