Gold prices in Pakistan climbed sharply on Monday as investors rushed toward safe-haven assets following escalating tensions in the Middle East after a joint US-Israel strike on Iran that resulted in the death of Supreme Leader Ali Khamenei and several senior military figures.

In the domestic bullion market, the price of gold per tola surged by Rs13,300, reaching Rs563,862. Similarly, the rate for 10 grams rose by Rs11,402 to settle at Rs483,420, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association.

The latest increase follows a strong upward move over the weekend, when the per tola price had already jumped Rs10,000 to close at Rs550,562 on Saturday.

Internationally, gold extended its rally, with prices climbing $133 to $5,411 per ounce, a figure that includes a $20 premium in the global market.

Silver prices also moved higher in Pakistan, with the per tola rate gaining Rs188 to reach Rs10,050.

The sharp rise in precious metal prices reflects heightened investor anxiety and increased demand for safe-haven assets amid growing geopolitical uncertainty.