Gold price per tola reached Rs503,462 after rising by Rs3,500 in a single day. This sharp rise followed an upward trend in the international market pushing local rates higher.
Experts say global demand and uncertainty are playing a key role in rising prices. In the local market 10-gram gold was sold at Rs431,637 after an increase of Rs3,001.
These rates were shared by the All Pakistan Gems and Jewellers Sarafa Association showing continued momentum. Just a day earlier gold price per tola stood at Rs499,962 after a strong increase of Rs4,600.
This shows how quickly prices are climbing and surprising investors. In the international market gold price increased by $35 reaching $4,811 per ounce with a premium of $20. This global jump directly impacted the Pakistani market and pushed rates to a new high.
Meanwhile silver prices also followed the same trend and moved upward. Silver price increased by Rs144 reaching Rs8,404 per tola.
Read more: CM Punjab Laptop Program deadline extended - Check full list of eligible universities
The continuous rise has created concern among buyers and investors in the country. Many people are now waiting to see whether prices will go even higher or start to fall.
Gold is becoming expensive very quickly. This makes it harder for common people to buy. Investors may still see it as a safe option. Future prices will depend on global market trends.