Gold and silver prices continued their upward trend on Wednesday, hitting fresh highs in both international and local markets and raising concerns among buyers.

In the global bullion market, Gold surged by $152 per ounce to reach $4,565 per ounce. Analysts say the sharp increase is driven by economic uncertainty and strong investor demand for safe-haven assets.

Reflecting the global trend, local markets in Pakistan also witnessed a major jump. The price of one tola of gold increased by Rs 15,200, reaching Rs 479,262, marking one of the highest levels in the country’s history. Similarly, the price of 10 grams of gold rose by Rs 13,031 to Rs 410,889.

At the same time, Silver prices also moved upward. The rate of one tola of silver increased by Rs 370, taking it to Rs 7,824 in the domestic market.

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This surge comes just a day after a similar spike. Previously, gold prices in the international market had risen by $163 per ounce to $4,413. In Pakistan, the price of one tola had jumped by Rs 16,300 to Rs 464,062, while 10 grams had increased by Rs 13,975 to Rs 397,858.

Market experts link the continuous rise to global financial instability and currency fluctuations, which are encouraging investors to shift toward precious metals.