The sudden surge sparked interest among investors and buyers alike, raising questions: Is this just the beginning of another gold rally?

According to the All Pakistan Sarafa Gems and Jewelers Association, the rate of 10 grams of 24 karat gold also jumped significantly by Rs3,429, now priced at Rs293,638, up from Rs290,209. Similarly, the 10 grams of 22 karat gold also saw an increase, touching Rs270,348 — adding more weight to the ongoing bullish trend.

Interestingly, while gold stole the spotlight, silver prices remained stable. The price of 1 tola silver held firm at Rs3,410, and 10 grams closed unchanged at Rs2,923, showing that the recent market volatility is mainly gold-driven.

Meanwhile, in the global market, gold prices surged by $40, climbing to $3,241 from $3,201. Silver also edged up by $0.24, now trading at $32.52 — a signal that international economic uncertainty could be fuelling this spike.

Experts believe this rise is linked to geopolitical tensions and currency instability, which are pushing both local and global investors toward safe-haven assets like gold. With prices breaking records again, many are wondering: Should you buy now or wait for another twist in the market?