This sudden rise reflects strong pressure from both local and international markets.
Similarly, the price of 10 grams of gold increased by Rs 6,602, reaching Rs 412,347. Jewellers say the market mood remains tense, with buyers and sellers closely watching daily price movements.
On the global front, gold prices also moved upward. In the international market, gold rose by $77 per ounce, trading at $4,586, a level that signals growing investor anxiety.
Economic analysts link this surge mainly to rising geopolitical stress, particularly the escalating tension between Iran and the United States. Such uncertainty often drives investors toward gold, which is widely seen as a safe haven in troubled times.
Experts have also warned that if the situation worsens, fuel prices may rise further, adding more strain to inflation hit economies like Pakistan’s.
For now, gold continues to shine brighter than ever, but for many consumers, it is becoming increasingly out of reach, turning a traditional symbol of security into a costly luxury.
