The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price of 24-karat gold per tola increased by Rs6,100, closing at Rs539,862 compared to Rs533,762 the previous day.

Similarly, 10 grams of 24-karat gold rose by Rs5,230 to Rs462,844 from Rs457,614, while 10 grams of 22-karat gold increased by Rs4,795 to Rs424,289 from Rs419,494.

Silver also saw modest gains. Per tola silver went up by Rs17 to Rs8,931, and 10 grams increased by Rs14 to Rs7,656.

In the international market, gold prices rose by $61 to $5,171 per kilogram, while silver increased by $0.17 to $84.47 per kilogram.

The surge in gold prices is linked to escalating US-Israeli air strikes against Iran, which have heightened geopolitical and economic uncertainty.

Analysts said the outlook for gold remains positive due to ongoing global economic instability and steady demand for safe-haven assets. Gold’s intrinsic value, limited supply, and independence from government or central bank policies make it a reliable hedge against inflation, currency depreciation, and market volatility.

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Geopolitical tensions, trade disputes, and market instability often push investors away from riskier assets such as stocks and speculative currencies, increasing demand for bullion.

Long regarded as a symbol of wealth and prosperity, gold continues to serve both as an ornamental asset and a financial safeguard, with its appeal strengthening amid persistent global economic and political uncertainty.