According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold rose by Rs6,900, reaching a record Rs435,100 per tola compared to Rs428,200 a day earlier.

Similarly, the price of 10 grams of 24-karat gold went up by Rs5,916, touching Rs373,028 against the previous Rs367,112. For 22-karat gold, the price per 10 grams also surged to Rs341,954 from Rs336,531, marking an increase of Rs5,423.

In the international market, gold prices also jumped by $69, rising to $4,140 compared to $4,071 on the previous day. The local and global trends both indicate renewed demand and market uncertainty.

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However, silver prices remained steady. A tola of silver was sold at Rs5,247, while the price of 10 grams stood at Rs4,498. International silver prices also stayed unchanged at $51.60.

Experts say the sharp surge in gold prices reflects ongoing global economic instability and investors shifting towards safe-haven assets. In Pakistan, the rising dollar rate and political uncertainty have further fueled the hike. Though silver remains stable, the gold rally could continue if global conditions don’t improve.