In the local market, the price of gold increased by Rs2,300 per tola, reaching Rs475,662. Similarly, the price of 10 grams of gold went up by Rs1,972 to Rs407,803, as per rates issued by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold had already recorded an increase of Rs500 per tola, closing at Rs473,362, indicating continued upward momentum in precious metal prices.

Internationally, gold prices climbed by $23 to reach $4,533 per ounce, including a $20 premium. Analysts attribute the rise to global economic uncertainty, fluctuations in interest rate expectations, and increased demand for safe-haven assets.

Meanwhile, silver prices witnessed a significant jump in the domestic market. The price of silver surged by Rs462 per tola to reach Rs8,407, marking the highest level in Pakistan’s history. Market experts said strong international demand and supply concerns contributed to the historic increase.

Jewellers noted that volatility in global markets continues to influence local prices, urging investors and buyers to stay cautious. The sharp rise in both gold and silver has drawn attention from traders, investors and consumers alike, particularly amid ongoing inflationary pressures.

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Precious metals are traditionally seen as a hedge against inflation and economic instability, and the latest surge reflects growing uncertainty in global financial markets.