Gold and silver prices recorded another sharp increase on Thursday, reflecting volatility in both global and local markets.

According to market data, gold in the international market rose by $34 per ounce, reaching $4676 per ounce. This increase followed a previous drop, highlighting ongoing fluctuations driven by global economic uncertainty.

In the local bullion market of Karachi, the price of gold per tola increased by Rs3400, pushing the new rate to Rs490362. Similarly, the price of 10 grams of gold rose by Rs2915, reaching Rs420406.

Silver prices also witnessed an upward trend. The price of silver per tola climbed to Rs7794, adding further pressure on buyers and investors in the precious metals market.

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It is important to note that just a day earlier, gold prices had declined in both global and local markets. Internationally, gold had dropped by $71 per ounce to $4642, while in Pakistan, the per tola price fell by Rs7100 to Rs486962. The price of 10 grams of gold had decreased by Rs6087, settling at Rs417491, and silver had dropped to Rs7634 per tola.

Market experts say that continuous fluctuations in gold prices are linked to global economic conditions, currency movements, and investor demand. Analysts believe that if uncertainty persists, gold and silver prices may continue to show sharp ups and downs in the coming days.