Driven by global trends, gold prices surge to all-time high in local markets

Gold prices surged to record levels globally and locally, with per tola reaching Rs275,500

Gold prices surged once again in both international and local markets, reaching new record levels today.

In the international bullion market, the price of gold rose by $25, bringing it to a historic high of $2,653 per ounce, Express News reported.

This increase was mirrored in Pakistan’s local sarafa markets, where the price of 24-karat gold per tola saw a significant rise of Rs2,500, pushing it to an all-time high of Rs275,500.

Similarly, the price of 10 grams of gold also increased by Rs2,144, reaching a new peak of Rs236,197.

Alongside gold, silver prices also climbed today. The price of silver per tola increased by Rs100, bringing it to Rs3,050, while the price for 10 grams rose by Rs85.74, reaching Rs2,614.88.

The upward trend in precious metal prices reflects broader global market movements and continues to push local rates to unprecedented levels.

Yesterday, the price of gold per tola surged by Rs1,100, reaching a record high of Rs273,000, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10-gram gold increased by Rs943, reaching Rs234,053. This follows a drop in gold prices on Monday, when the rate had decreased by Rs600, settling at Rs271,900 per tola.

Internationally, the price of gold also saw an uptick, with the rate reaching $2,628 per ounce, including a $20 premium. This marked a gain of $11 during the day, according to the APGJSA.

Silver prices, however, remained stable in the local market at Rs2,950 per tola.