Gold prices have risen sharply in the global market, increasing by $83 to reach $4,207 per ounce. The international surge has also impacted Pakistan’s local market.

In the domestic market, the price of one tola of gold  jumped by PKR 8,300, bringing it to PKR 443,062. Meanwhile, 10 grams of gold increased by PKR 7,116, now priced at PKR 379,854. The sudden surge in market has made the buyers shocked.

Silver prices also rose, with one tola climbing by PKR 228 to PKR 5,662.

Experts attribute the rise in gold and silver prices to multiple factors, including a declining US dollar, increasing oil prices, and ongoing geopolitical tensions. These conditions are driving investors toward safe-haven assets like gold, which is seen as a reliable store of value during uncertain times.

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Analysts expect gold prices to remain volatile in the short term as global economic and political developments continue to influence investor behavior.