Gold and silver prices recorded another significant increase in both local and international markets, pushing rates to new highs and intensifying pressure on buyers.

In the domestic bullion market, the price of one tola of gold surged by Rs 7,100, reaching Rs 533,562. Similarly, the price of 10 grams of gold rose by Rs 6,087 to settle at Rs 457,443. Traders attributed the sharp rise to fluctuations in the international market and currency movements.

In the global market, gold prices climbed by $71 per ounce, reaching $5,108 per ounce. Analysts say the increase is driven by heightened investor demand for safe-haven assets amid global economic uncertainty and inflation concerns.

Silver prices also followed the upward trend. The price of one tola of silver increased by Rs 374, reaching Rs 8,948 in the local market. Market experts noted that silver often mirrors gold’s momentum, especially during periods of volatility in global commodities.

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Bullion dealers stated that frequent price swings have slowed retail buying, as customers adopt a wait-and-see approach. However, investors continue to show interest in precious metals as a hedge against economic risks.

Experts believe that if international prices remain elevated, local gold and silver rates may see further adjustments in the coming days.