In the domestic market, the price of gold per tola jumped by Rs7,800, reaching an all-time high of Rs350,000. Similarly, the price of 10 grams of gold rose by Rs6,687, now priced at Rs300,368.

Internationally, gold prices also surged, with the price per ounce increasing by $76 to settle at $3,316.

According to market analysts, the sharp rise in gold prices is attributed to growing financial instability worldwide, prompting investors to turn to gold as a safe-haven asset. Increased demand amid ongoing geopolitical tensions and inflationary concerns is also contributing to the upward trend.

Gold prices drop in Pakistan following decline in global market