Similarly, the price of 10 grams of 24-karat gold jumped by Rs12,089, hitting Rs391,718 from Rs379,629. The rate for 22-karat gold also rose sharply, climbing to Rs359,087 from Rs348,005 after an increase of Rs11,082.

In the global market, gold prices surged by $141, moving up to $4,358 per ounce from the previous $4,217. The steady upward movement shows strong investor demand as uncertainty grows in international markets.

Silver followed the same trend, with its per tola price increasing by Rs167 to Rs5,504 from Rs5,337, while 10 grams of silver gained Rs143 to reach Rs4,718 from Rs4,575. International silver prices also recorded a $1.67 rise, reaching $54.17 per ounce.

Read more: Rs.750 Prize Bond draw October 2025: Full list of winners announced

Experts say the surge in gold prices reflects growing global anxiety over inflation and political tensions. Investors are turning to gold as a ‘safe haven’ amid market volatility. The rising demand for precious metals is also linked to currency devaluation and weakening trust in global stocks. In simple terms, gold’s rise shows how uncertainty fuels fear—and fear fuels investment in gold.