Gold prices hit record highs in global, local markets

Price of gold per tola rises by Rs1,900

Gold prices surged again on Thursday, reaching historic highs in both international and domestic markets.

In the international bullion market, the price of gold rose by $19 per ounce, pushing the rate to a new record of $4,217 per ounce.

Driven by this global increase, gold prices in Pakistan also hit an all-time high. The price of one tola of gold jumped by Rs1,900, reaching Rs442,800.

Meanwhile, the price of 10 grams of gold increased by Rs1,629, now priced at Rs379,629.

Read: Gold prices hit new record, cross Rs440,000 mark

On Wednesday, the international bullion market witnessed a sharp surge, as the price of gold jumped by $58 per ounce, reaching an all-time high of $4,198.

In response to the global spike, domestic gold prices in Pakistan also soared. According to local jewellers, the price of 24-karat gold per tola rose by Rs5,800, hitting a record level of Rs440,900.

Read more: Gold prices rally in global, Pakistani markets

Similarly, the price of 10 grams of 24-karat gold increased by Rs4,972, taking it to a new peak of Rs378,000.