The rate of precious stone reached Rs354,700, up from Rs351,500 in the previous trading session, according to the All Pakistan Sarafa Gems and Jewelers Association.

The surge didn’t stop there—prices for 10 grams of 24 karat gold also went up by Rs2,744, climbing to Rs304,098 from Rs301,354. Meanwhile, 10 grams of 22 karat gold saw an increase of Rs2,515, reaching Rs278,766 from Rs276,251.

Silver prices followed the upward trend, with per tola silver rising by Rs10 to Rs3,851, and the 10-gram price increasing by Rs8 to Rs3,301.

On the international front, gold saw a global surge of $32, rising from $3,292 to $3,324, while silver increased by $0.1, moving from $36.57 to $36.67.

Read more: Government hikes vehicle transfer charges by 10%

What’s fueling this rapid increase in Pakistan’s precious metals market? Despite global shifts, Pakistan is witnessing a more aggressive rise in gold and silver prices compared to other markets. This could be indicative of growing demand and instability in the market—what’s next for the country’s precious metal trading?