Gold hits record highs as international prices surge

Price per tola rises by Rs5,500

Gold prices climbed to record levels in both international and domestic markets on Monday. In international bullion markets, the price of gold jumped $55 per ounce, reaching a historic high of $4,071.

The surge in international prices pushed domestic gold rates higher. The price per tola rose by Rs5,500 to reach a record Rs428,200,

Meanwhile, the price per 10 grams increased by Rs4,715, settling at Rs367,112.

Read: Gold prices rise in global, local markets

The rise in precious metals reflects strong global demand and tightening supply in the bullion market.

Spot gold was trading at $4,074.02 per ounce as of 08:25 GMT, after briefly touching $4,078.05/oz.

Silver also saw gains, with spot prices rising 2.2% to $51.37/oz, after hitting $51.70/oz, amid similar market dynamics and tight supply conditions.