According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold climbed by Rs1,029 to Rs323,988 from Rs322,959. Meanwhile, the rate of 22-karat gold also increased by Rs943, reaching Rs296,999 compared to the previous Rs296,056.

The silver market, however, remained stable. The price of 24-karat silver stood at Rs4,315 per tola, while 10 grams of silver stayed firm at Rs3,699. International silver prices were also unchanged at US$40.82 per ounce.

On the global front, gold registered another sharp rise. International prices gained $12, reaching $3,552 per ounce compared to $3,540 in the last trading session, further fueling speculation about future trends.

Gold’s upward movement both in local and global markets signals renewed demand as investors seek safe havens amid economic uncertainty. With prices inching close to the psychological barrier of Rs380,000 per tola, buyers may find themselves under pressure while sellers and investors stand to benefit.

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The stable silver market shows that the surge is gold-driven, highlighting gold’s continued dominance as a hedge against inflation and market volatility.