Gold prices climbed sharply on Wednesday, 19 November 2025, in both national and international markets, leaving investors puzzled about how far this rally will go. In the global market, gold surged by $79, reaching a record $4,092 per ounce. What’s even more surprising is that just a day earlier, gold had dropped by $70, highlighting how uncertain and volatile the market has become.

Despite this unpredictability, several economists believe that gold could touch $5,000 per ounce by mid-2026, a prediction that has further fuel investor interest and pushed more people toward gold-backed investments. On the local front, gold prices rose by Rs 7,900 per tola, bringing today’s rate to Rs 431,562 per tola. The continuous upward momentum has left many wondering whether gold will stabilize anytime soon — or continue breaking new records.

Experts link the recent volatility in gold prices to several global factors, including currency fluctuations, shifting investor sentiment, and rising economic uncertainty. During periods of financial instability, many investors naturally gravitate toward gold, viewing it as one of the most reliable safe-haven assets.

Alongside the surge in gold prices, silver and other precious metals have also recorded notable increases. The price of silver rose by Rs 177 per tola, reaching Rs 5,422. According to market analysts, gold prices are expected to continue fluctuating as global markets react to economic data, interest rate adjustments, and ongoing geopolitical developments.

Local jewelers report that although gold prices have been rising steadily, demand has not dropped — in fact, it has increased. More people are purchasing gold as a form of investment, viewing it as a secure option amid uncertain financial conditions. “Gold prices are very volatile right now, but demand remains strong due to economic uncertainties,” said a Karachi based dealer. Analysts expect that gold can still be a good investment.

 Credit: Independent News Pakistan (INP)