The price of 24-karat gold climbed by Rs4,600 per tola, reaching a new all-time high of Rs433,836 per tola.
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KARACHI: Gold and silver prices continued their upward trend on Wednesday in both international and domestic markets, with gold reaching a new record high in Pakistan amid a surge in global bullion prices.
In the international bullion market, the price of gold rose by $46 per ounce, pushing the global rate to $4,114 per ounce.
Following the international trend, Pakistan’s local bullion market recorded a sharp increase in gold prices. The price of 24-karat gold climbed by Rs4,600 per tola, reaching a new all-time high of Rs433,836 per tola.
The price of 10 grams of 24-karat gold also increased by Rs3,944, settling at Rs371,944.
Silver prices also moved higher in the local market. The price of silver per tola rose by Rs7 to Rs6,403, while the price of 10 grams of silver increased by Rs6 to Rs5,489.
The latest gains come a day after gold prices also posted a significant increase, reflecting continued strength in both global and domestic precious metals markets.
