According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold also increased sharply by Rs1,714, settling at Rs405,402 against Rs403,688 a day earlier.

Similarly, the price of 10 grams of 22-karat gold rose to Rs371,632 from Rs370,060, reflecting an increase of Rs1,572.

In the international market, gold prices increased by $20, reaching $4,505 compared to $4,485 on the previous day.

Meanwhile, the price of per tola silver rose by Rs500, reaching Rs7,705 from Rs7,205 on the last trading day.

The 10-gram silver price increased by Rs428, closing at Rs6,605 as against Rs6,177 the previous day.

International silver prices also witnessed an uptick of $5, rising to $72.30 compared to $69.30.