According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola rose by Rs2,100, reaching Rs409,878, compared to Rs407,778 on the previous day.

Similarly, the price of 10 grams of 24-karat gold increased by Rs1,801, bringing the new rate to Rs351,404. Meanwhile, 10 grams of 22-karat gold climbed to Rs322,132 from Rs320,481, marking an increase of Rs1,651 in just 24 hours.

Silver prices also witnessed an upward trend. The per tola silver price jumped by Rs57, reaching Rs4,896, while 10 grams of silver rose by Rs49, closing at Rs4,197.

On the international front, the gold rate surged by US$21, hitting US$3,886 per ounce, while international silver also gained US$0.57, settling at US$47.97 per ounce.

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However, due to high inflation and unstable economic conditions in Pakistan, ordinary citizens have reduced gold purchases significantly. Jewellers warn that if the same global trend continues, local prices could rise even further in the coming days.

Gold’s upward trend is once again proving how global financial uncertainty directly affects Pakistan’s economy. The weaker rupee and rising inflation are pushing gold prices beyond the reach of common people. Experts believe that unless the dollar stabilizes and inflation eases, the local gold market will continue to face pressure.