Investors and buyers felt the sudden spike gold prices in Pakistan climbed sharply in just one day.

The price of gold per tola increased by Rs5,300, reaching Rs524,762, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, 10-gram gold rose by Rs4,544 to settle at Rs449,898, marking a significant surge for small-scale buyers.

Looking at karat-specific rates, 22K gold now stands at Rs479,875 per tola, 21K at Rs458,062, and 18K at Rs392,625.

In smaller units, 1 gram of 22K gold costs Rs41,141 while 21K is Rs39,271. Even the ounce rate jumped to Rs1,166,100 for 22K and Rs1,113,100 for 21K.

This rapid increase follows last Saturday’s even sharper hike, when gold rates climbed Rs11,700 per tola to close at Rs519,462.

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Analysts say the rise is fueled by international markets, where gold surged by $53 to reach $5,020 per ounce, including a $20 premium.

Silver prices also mirrored this bullish trend. Per tola rates climbed Rs346, reaching Rs8,615, showing that precious metals are currently enjoying strong momentum.