Pakistan, May 6 -- Gold prices recorded a sharp increase in Pakistan's local and international markets on Wednesday. The surge reflects strong global demand and rising uncertainty in financial markets. Consumers, jewellers, and investors are directly affected by the latest price hike.

According to the All Pakistan Sarafa Gems and Jewellers Association, gold rose by 11,100 rupees per tola. The new price reached 488,962 rupees per tola in the local market. Similarly, ten grams of gold increased by 9,517 rupees to 419,206 rupees. This marks one of the biggest single-day increases in recent weeks.

Read more: Gold drops Rs3,800 per tola in Pakistan

International gold prices also surged by 111 dollars per ounce to 4,666 dollars. Analysts lin...