Local jewelers report that gold surged by PKR 15,700, reaching PKR 504,162 per tola today. Meanwhile, the price per gram also climbed, closing at Rs. 432,237, an increase of Rs. 13,460.

The upward trend comes as international gold rates continue to rise. Gold gained $157 per ounce on the global market, pushing the international rate to $4,814 per ounce. Analysts attribute the surge to fluctuations in currency values and global economic uncertainty, which have traditionally increased demand for safe-haven assets like gold.

Also Read: Global oil prices fall after US-Iran ceasefire announcement 

Silver prices in Pakistan also witnessed an increase. The per tola rate rose by Rs. 440, bringing the current price to Rs. 8,184. Experts advise investors and traders to monitor international trends closely, as further volatility in global markets could impact local rates.

With precious metals experiencing strong demand, market watchers are keeping a close eye on both gold and silver, anticipating potential shifts in prices ahead of major economic announcements.