Gold prices in Pakistan soared to an all-time high on Thursday, reflecting a sharp increase in international rates. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola reached Rs. 328,800 after a single-day rise of Rs. 7,800. Similarly, the price of 10-gram gold climbed by Rs. 6,688 to Rs. 281,893.

On Wednesday, gold prices had already reached Rs. 321,000 per tola after a Rs. 3,000 increase in a single day, signaling a steady upward trend.

Globally, gold prices also saw a significant rise on Thursday. The international rate of gold reached $3,118 per ounce (including a $20 premium), marking a $78 increase during the day, as reported by APGJSA.

The surge in gold prices comes as investors turn to the safe-haven asset amid heightened global uncertainties. The US recently escalated its trade war with China by imposing additional tariffs, despite a 90-day pause on tariffs for other countries. This move has further fueled demand for gold as a hedge against economic instability.

In addition to gold, silver prices in Pakistan rose by Rs. 64, reaching Rs. 3,234 per tola, reflecting the broader trend in precious metals.