According to market data, the price of one tola of gold surged by Rs15,200, reaching Rs479,262, while the rate for 10 grams of gold increased by Rs13,031 to settle at Rs410,889.
In the international market, gold prices also recorded a substantial rise, climbing by $152 to reach $4,565 per ounce, indicating strong global demand and investor interest in safe-haven assets.
Meanwhile, silver prices followed a similar upward trend, with one tola increasing by Rs370 to reach Rs7,824 in the local market.
Market analysts attribute the rise in prices to ongoing global economic uncertainties and increased demand for precious metals as a hedge against inflation and currency fluctuations.