The sudden jump surprised many traders and investors who have been closely monitoring the volatile bullion market.

Similarly, the price of 10 grams of 24-karat gold increased by Rs1,286, bringing it to Rs357,319 from Rs356,033. The 10 grams of 22-karat gold also rose by Rs1,179, trading at Rs327,554 compared to Rs326,375 previously. These figures were reported by the All Pakistan Sarafa Gems and Jewellers Association.

In the international market, gold prices climbed by $15, pushing the rate to $3,955 per ounce from $3,940. This consistent upward trend reflects growing investor demand amid global economic uncertainty and concerns about inflation.

Meanwhile, silver prices showed the opposite trend, witnessing a slight dip. The local rate of silver dropped by Rs20 per tola to Rs4,929 and by Rs17 per 10 grams to Rs4,225. On the global front, the international silver price fell by $0.20 to settle at $48.30 per ounce.

Read more: iPhone 17 zero markup installment plan revealed

Market experts suggest that gold’s rise is mainly due to shifting global economic trends and increasing demand for safe-haven assets. However, the decline in silver prices indicates that industrial demand remains weak compared to investment-driven interest in gold.

The steady climb in gold prices shows investors’ growing fear of market instability and inflation. While silver struggles to hold ground, gold continues to attract buyers as a reliable store of value. The latest surge could signal more price hikes ahead, making it an interesting time for both investors and jewellers to watch market trends closely.