According to the All Pakistan Sarafa Gems and Jewellers Association, gold per tola increased by Rs3,000 to reach Rs497,662 in the local market. At the same time, the price of 10 grams rose by Rs2,572 to settle at Rs426,664.

In the international market, gold prices also moved up, gaining $30 per ounce to hit $4,753. This global rise played a key role in pushing local gold rates higher.

A day earlier, gold had recorded a major fall, creating uncertainty in the market. Per tola price had dropped by Rs9,500 while 10 grams declined by Rs8,145.

Experts say these ups and downs are mainly linked to changes in global gold prices and currency exchange rates. Even small shifts internationally can quickly impact local markets.

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They believe the latest increase may affect buying decisions across the country. Many investors could wait for stability, while some may rush to buy before prices climb further.

Gold prices are moving very fast these days. This makes the market risky for buyers. If global prices stay high, local rates may increase more.