Gold prices hit record highs globally, domestically

Price of 10 grams of gold increases by Rs4,629

Gold prices have climbed to historic highs in both international and domestic markets.

In the international bullion market, the price of gold per ounce jumped $54, reaching a new peak of $3,940 per ounce.

In Pakistan, the price of gold per tola rose by Rs5,400, hitting a record Rs415,278 per tola.

Meanwhile, the price of 10 grams of gold increased by Rs4,629, reaching Rs356,033, the highest level ever recorded.

Read: Gold’s beast mode, 44% surge in nine months

Spot gold was up 1.4% at $3,940.04 per ounce, as of 1108 GMT, after hitting $3,949.34 earlier in the session.

Comparatively, spot silver climbed 1.2% to $48.53 per ounce, hitting its highest level in more than 14 years. Platinum rose 0.6% to $1,615.45 and palladium gained 1.6% to $1,280.75.