Gold and silver prices continued their upward trend on Thursday, widening the gap between precious metals and consumer affordability.

In the international bullion market, gold rose by $79 per ounce to $5,012, prompting a surge in local rates. US gold futures for April delivery were up 0.4% at $5,031.20, while spot gold climbed 0.7% to $5,012.83 per ounce by 0634 GMT.

In Pakistan, the price of one tola of gold increased by Rs7,900 to Rs523,962, while 10 grams rose by Rs6,773 to Rs449,212.

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Silver prices also gained momentum, with one tola reaching Rs8,404, up Rs358, and 10 grams hitting Rs7,205, a gain of Rs205. Spot silver rose 2.7% to $79.24 per ounce after climbing more than 5% on Wednesday.

Other precious metals also saw gains in global trading. Spot platinum rose 1.4% to $2,100.45 per ounce, while palladium increased 1% to $1,733.45.

Traders attributed the surge to robust demand in international markets, which continues to influence domestic prices amid economic uncertainty.