Similarly, the price of 10-gram 24 karat gold increased by Rs3,000 to Rs359,963, up from Rs356,963, according to the All Pakistan Sarafa Gems and Jewellers Association.

The 10-gram 22 karat gold was recorded at Rs329,978 after an increase of Rs2,751 from the earlier Rs327,227.

In the global market, gold prices continued their upward trend, trading at $3,975 per ounce, marking a gain of $35 from the previous $3,940.

Silver prices also moved upward. The per tola rate of 24 karat silver rose by Rs110 to Rs5,034 from Rs4,924 a day ago, while the 10-gram silver price increased by Rs94 to Rs4,315 against the previous Rs4,221.

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At the international level, silver touched $47.72 per ounce, gaining $1.10 from $46.62.

The sharp rise in gold and silver prices suggests growing investor interest amid global economic uncertainty. As inflation fears persist, people are turning towards precious metals as a safe investment. Experts believe prices may continue to rise if international demand stays high.