After a brief decline earlier in the week, gold has become expensive by thousands of rupees today, causing fresh uncertainty in the market.

In the international market, the price of gold rose by 53 dollars, taking the new rate to 4,218 dollars per ounce.

Following the international rise, the local market also saw strong movement. The price of gold per tola increased by Rs5,300, taking the new rate to Rs444,162, while the price of 10 grams rose by Rs4,544 to reach Rs380,797.

Jewellers say the market has been witnessing continuous upward movement for several days, and the impact of this rise is falling directly on buyers.

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Meanwhile, the price of silver also increased, becoming costlier by Rs267 per tola and reaching Rs5,909.

Economic experts say the fluctuation in the global oil market, economic uncertainty and the strong dollar are major reasons behind the rising prices of gold. They add that if global economic conditions remain the same, further increases in gold and silver prices are likely.

It is worth noting that the market had shown slight stability yesterday, but today both precious metals have once again surprised the market with a sharp and sudden rise.

Analysts believe the latest jump reflects how sensitive the market has become to global uncertainty. They say rising oil prices and a strong dollar have created pressure that quickly passes on to local buyers. Experts add that unless international conditions improve, the upward trend in precious metals may continue.