Gold, silver prices surge in global and local markets

Gold and silver prices continued their upward trajectory in both international and local markets.

In the international bullion market, the price of gold per ounce rose by $30 to reach $5,138.

Spot gold was up 0.6 per cent at $5,136.22 per ounce by 0729 GMT after hitting its highest level since January 30 earlier in the session. US gold futures for April delivery gained 1.5 per cent to $5,157.50.

Read: Gold, silver prices surge again as local rates hit new highs

In the domestic market, the price of gold per tola increased by Rs3,000 to Rs534,562.

Similarly, the price of 10 grams of gold climbed by Rs2,572 to Rs460,015.

Spot silver rose 1.2 per cent to $85.57 per ounce, marking a more than two-week high.

Meanwhile, the price of silver per tola increased by Rs146 to Rs9,094, while the rate for 10 grams of silver rose by Rs125 to Rs7,796.