Gold prices in Pakistan extended their upward trend for a second consecutive day on Thursday, driven by volatility in international markets amid expectations surrounding a potential Iran–US agreement.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola increased by Rs7,800 to reach Rs496,762.

Over the past two sessions, gold rates have surged by approximately Rs19,000 per tola in the local market, reflecting sharp movements in global bullion prices and investor uncertainty linked to geopolitical developments.

The price of 10 grams of gold also rose by Rs6,687 to Rs425,893. Silver prices followed the upward trend as well, with per tola silver increasing by Rs373 to reach Rs8,445.

In the international market, gold prices gained $78 per ounce, pushing global rates to $4,744 per ounce.

Market analysts said demand for safe-haven assets remained strong amid uncertainty over Iran–US negotiations, ongoing tensions in the Middle East, and broader concerns about global financial stability.