Gold buyers across Pakistan were left stunned as prices surged sharply, driven by a powerful rally in the international bullion market. The sudden spike has sparked anxiety among investors, traders, and ordinary consumers who fear that the precious metal may soon move further beyond affordability if the bullish trend continues.
In the local market, the price of gold per tola jumped dramatically by Rs7,100 in a single trading session, reaching an extraordinary Rs533,562. Market analysts described the move as one of the sharpest daily increases in recent months, noting that such rapid climbs usually reflect strong global demand and economic uncertainty worldwide.
The cost of 10 grams of gold also recorded a major increase, rising Rs6,087 to settle at Rs457,443. Traders said the synchronized rise in both measurement units shows consistent upward pressure in pricing, indicating that the rally is not isolated but part of a broader surge affecting the entire precious metals sector.
Just a day earlier, gold had already shown signs of acceleration when per-tola rates climbed Rs2,500 to close at Rs526,462. That earlier gain now appears to have been a precursor to the latest spike, reinforcing expectations among market watchers that prices may remain volatile in the near term.
The surge is largely linked to strong movement in international markets, where gold prices jumped by $71 per ounce to reach $5,108, including a $20 premium. Economists say global inflation fears, currency fluctuations, and safe-haven demand are key drivers pushing investors toward bullion as a protective financial asset.
Silver also joined the upward trend, with prices climbing Rs374 to reach Rs8,948 per tola. Analysts believe continued momentum in global commodities could keep precious metal rates elevated, warning buyers to monitor trends closely as further increases may occur if international market pressures persist.
Also read: Gold and Silver Prices Today
