According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold surged by Rs6,000, climbing to an unprecedented Rs376,700 per tola compared to Rs370,700 just a day earlier.

The rally didn’t stop there. The price of 10 grams of 24-karat gold jumped by Rs5,144, reaching Rs322,959 against its previous value of Rs317,815. Meanwhile, 22-karat gold also witnessed a steep rise of Rs4,715, settling at Rs296,056 from Rs291,341.

Silver too joined the upward trend. Per tola silver increased by Rs12 to hit Rs4,315, while the price of 10 grams advanced by Rs10 to Rs3,699.

In the global market, the drama was even more intense. International gold prices shot up by a staggering $60, hitting $3,540 per ounce compared to $3,480 in the previous session. Silver prices edged higher as well, recorded at $40.82 per ounce with a modest increase of $0.12.

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The latest surge in gold prices highlights both local and global economic anxieties. In Pakistan, the sharp rise to Rs376,700 per tola signals inflationary pressures and shifting investor behavior, with many turning to gold as a hedge against uncertainty. Globally, the $60 jump in international gold rates indicates mounting concerns in world markets, pushing investors towards safe-haven assets.

While silver showed modest gains, it is clear that gold has taken center stage in shaping financial trends. Analysts believe such record highs may encourage short-term selling, but long-term investors are likely to hold, expecting further upward momentum.