According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the international gold price jumped by $6 per ounce, taking it to $3,324 per ounce. This global surge has also pushed up gold prices in Pakistan.

On Tuesday, local markets saw a Rs600 increase per tola of 24-karat gold, pushing the rate to a staggering Rs339,400 per tola. Similarly, the price of 10 grams of gold rose by Rs514, reaching Rs290,980.

In contrast, silver prices remained stable, with no change recorded in either per tola or 10-gram rates. Silver stood firm at Rs3,397 per tola and Rs2,912 per 10 grams.

Experts say the rising global uncertainty and fluctuations in the US dollar are driving investors toward gold as a safer option. This trend is fueling demand and pushing prices higher.

They warn that if the current pattern continues, we may see further increases in gold prices, affecting buyers and traders across the country.