According to the All Pakistan Sarafa Gems and Jewelers Association, the bullish trend extended to 10 grams of 24 karat gold, which rose by Rs5,232 to Rs305,300 from Rs300,068. Likewise, 22 karat gold increased by Rs4,796, now priced at Rs279,868 from Rs275,072.

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Silver followed suit—per tola silver rose by Rs57 to Rs3,482, while 10 gram silver gained Rs22, moving up to Rs2,985.

This domestic rally reflects a broader global movement. In the international market, gold jumped by $61 to reach $3,377 from $3,316. Silver also gained momentum, climbing $0.57 to reach $33.00.

With both local and global markets in sync, speculation is heating up: Is this spike being driven by inflation fears, geopolitical uncertainty, or central bank policies?