In the local market, the price of gold rose by Rs. 7,500 per tola to settle at Rs. 489,362, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association. The increase followed a volatile previous session, when gold had closed at Rs. 481,862 per tola after a sharp decline.

The price of 10-gram gold also increased, rising by Rs. 428 to reach Rs. 419,549.

International trends played a key role in driving local prices higher. In global markets, gold strengthened by $75 to trade at $4,670 per ounce, including a $20 premium, reflecting sustained investor interest in safe-haven assets.

Silver also surged in the domestic market, with prices climbing by Rs. 300 per tola to reach a new record high of Rs. 9,782. The metal’s rise has growing significance for small investors and artisans, given its widespread use in jewellery-making and small-scale trade.

For households, rising precious metal prices present mixed outcomes. While higher prices can help savers preserve value against inflation and currency pressures, they increase costs for families planning weddings or jewellery purchases. Traders and jewellers are also monitoring the situation closely, as sharp price movements can influence demand and day-to-day business activity.

With gold approaching the Rs. 500,000 threshold and silver already at record levels, market participants remain cautious, watching global developments for signals on whether prices will extend gains or face renewed volatility.