In the local and international bullion markets, the price of gold saw a rise on Thursday, with an increase of Rs 3,700 per tola in Pakistan. After this sharp increase, the price has reached Rs 423,062 per tola, a significant rise in the value of the precious metal.

The price of 10 grams of gold has also increased by Rs 3,122, now at Rs 362,707. This upward trend is not limited to local markets; the global market saw an increase of $37 per ounce, bringing the price to $4,007.

This significant increase in gold prices is attributed to various factors, including market demand and currency value fluctuations, causing concern among investors and consumers. As gold is considered a safe-haven investment, these developments are expected to influence market dynamics and purchasing behaviors in the coming days.