Gold and Silver Prices Continue to Surge Globally and in Saudi Arabia
ISLAMABAD / RIYADH – July 14, 2025: Gold prices witnessed another sharp rise in both local and international markets on Monday, fueled by global economic concerns and growing investor demand for safe-haven assets.
According to the All-Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold in Pakistan surged by Rs1,371, reaching Rs308,384, up from Rs307,013. Similarly, the price of 10 grams of 22-karat gold rose by Rs1,257 to Rs282,695 from Rs281,438.
Silver rates also increased, with per tola silver climbing Rs65 to Rs4,087, and 10 grams rising Rs55 to Rs3,503.
In the international market, gold prices jumped $16 to $3,372 per ounce, up from $3,356, while silver gained $0.65 to hit $39.03 per ounce.
Gold Prices in Saudi Arabia Reach New Highs
Meanwhile, in Saudi Arabia, gold prices hit record highs in line with global trends and local economic conditions. According to market data, the price of 24-karat gold per gram is now SAR 405.87, while 22-karat gold is priced at SAR 372.05 per gram.
The price per ounce of 24-karat gold has surged to approximately SAR 12,624.32, a substantial jump from SAR 8,729.43 on June 28, 2024.
The international gold rally, marking a 39.14% year-on-year increase, is being driven by inflation fears, volatile interest rates, and rising geopolitical tensions. Investors continue to turn to precious metals as a hedge against uncertainty.
In Saudi Arabia—where gold plays a vital role in both investment and cultural traditions—the metal is widely purchased in the form of bullion, coins, and ornate jewelry.
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