The increase triggered surprise among investors and traders and making many wonder what’s driving this sudden surge in bullion rates.

The All Pakistan Sarafa Gems and Jewellers Association said the price of 24-karat gold per tola increased by Rs14,800, while 10 grams of 24-karat gold rose to Rs453,671 and 10 grams of 22-karat gold went up to Rs415,880.

Silver also gained value, with 24-karat silver per tola rising to Rs9,255 and 10 grams of silver reaching Rs7,934 in local markets.

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In international markets, gold climbed by $148 to $5,064 per ounce and silver also saw an uptick, reflecting strong global demand and safe-haven buying.

Traders say ongoing global economic uncertainty and rising demand could be pushing bullion prices upward, making precious metals more attractive compared with other assets.

Gold’s sharp rise shows investors are turning to safe assets amid global uncertainty. Such big jumps can influence jewellery costs and savings decisions. Watch for further moves in both local and world markets.