Gold and silver prices jumped sharply across the country on Saturday, making jewellery even more expensive for ordinary buyers.

According to the latest market figures, the price of gold per tola climbed by Rs7,100 to reach Rs533,562. The rate for 10 grams of gold also went up by Rs6,087, settling at Rs457,443.

Traders say the surge in local prices is largely driven by rising rates in the international market, where gold gained $71 per ounce to reach $5,108. As global prices move, local markets in Pakistan tend to follow suit.

Silver prices also moved upward. The price per tola increased by Rs374, taking it to Rs8,948.

Market sources link the rally in precious metals to growing investor interest amid uncertain global economic conditions.
While many jewellery buyers are holding back due to the sharp rise, traders say people looking to invest in gold are still actively purchasing.