According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola jumped by Rs6,600, reaching Rs356,800.

Similarly, 10 grams of 24K gold rose by Rs5,658, now priced at Rs305,898.

Meanwhile, 10 grams of 22-karat gold saw an increase of Rs5,186, bringing the rate up to Rs280,416.

Prices of silver also saw a notable rise. Per tola silver increased by Rs52, reaching Rs3,834, while 10 grams of silver climbed by Rs45 to Rs3,287.

The surge follows a significant rise in the international gold market, where the price of gold increased by $66 per ounce, bringing it to $3,348 per ounce.

It is worth noting that just a day earlier, the price of 24K gold had risen by Rs800 per tola, reaching Rs350,200 — making today’s spike one of the sharpest in recent months.