KARACHI: The gold prices once again surged to historic highs in both international and domestic markets.
In the global bullion market, the price of gold jumped by a massive $127 per ounce, pushing the new all-time high to $4,840 per ounce.
Similarly, in local bullion markets, the price of 24-karat gold per tola rose sharply by Rs12, 700, reaching a record level of Rs506, 362 for the first time.
Meanwhile, the price of 10 grams of gold increased by Rs10, 888 to Rs434,123.
Silver prices in the country also witnessed an upward trend, with the per tola rate rising by Rs64 to reach a new historic high of Rs9, 933.
Earlier, Gold prices witnessed a sharp increase in the local market, as the price of 24-karat gold per tola surged by Rs 7,500 to settle at Rs 489,362.
The price of 10 grams of 24-karat gold increased by Rs6,431 to Rs419,549, according to the All Pakistan Sarafa Gems and Jewellers Association.
Likewise, the price of 10 grams of 22-karat gold went up by Rs5,895 to Rs384,600.
The silver prices also registered a growth, with 24-karat silver per tola increasing by Rs300 to Rs9,782 and the price of 10 grams of silver rising by Rs257 to Rs8,386.
In the international market, gold prices increased by $75 to $4,670 per ounce, while silver prices rose by $3.00 to $93.07 per ounce, the association reported.
