In the local market, gold prices soared dramatically within a single day—by Rs6,688 per 10 grams and Rs7,800 per tola. Following this sharp increase, the price of 10 grams of gold reached Rs281,893, while one tola of gold hit an all-time high of Rs328,800.

The international market mirrored this trend, where gold climbed $78 per ounce, reaching $3,118—one of the highest levels in the history of the precious metal.

According to analysts, this price surge is driven by rising global political tensions, inflation, and currency volatility. These factors have led investors to seek refuge in gold, traditionally viewed as a safe-haven asset, thus pushing prices even higher.

Gold prices surge in Pakistan — what are new rates?

The continuous rise in gold prices is becoming a growing concern for ordinary consumers, especially during the wedding season, where purchasing gold jewelry has now become a significant financial burden.