On Saturday, the price of 24-karat gold rose by Rs. 6,100 per tola, reaching Rs. 359,000. Just a day earlier, it was Rs. 352,900.

This spike comes after gold rates had dropped by Rs. 12,000 per tola between July 24 and August 1. The sudden turnaround is being linked to global market uncertainty and renewed interest in safe-haven assets like gold.

Along with the per tola price, the 10-gram rate for 24-karat gold also went up by Rs. 5,229, now costing Rs. 307,784 (up from Rs. 302,555). Similarly, 22-karat gold now stands at Rs. 282,145 per 10 grams, compared to Rs. 277,342 earlier.

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Silver prices are also climbing. One tola of silver increased by Rs. 53, reaching Rs. 39,530, while the 10-gram rate rose by Rs. 45 to hit Rs. 3,389.

On the international market, gold jumped by $61, hitting $3,363 per ounce, up from $3,302. Silver followed the trend with a $0.53 gain, now trading at $37.01 per ounce.

With Pakistan entering wedding season and festive months ahead, jewelers expect a shift in buying behavior. Many customers may rush to purchase gold now, fearing prices could rise even more in the coming days. Meanwhile, investors are watching the global market closely to see if this is the start of a longer uptrend.