Gold prices surged to an all-time high in the local market on Wednesday as the price of 24-karat gold per tola jumped by Rs12,700 to settle at Rs506,362.
The price of 10 grams of 24-karat gold also jumped by Rs10,888 to Rs434,123, while the price of 10 grams of 22-karat gold rose by Rs9,981 to Rs397,960, according to the All Pakistan Sarafa Gems and Jewellers Association.
Silver prices also witnessed an upward trend, with the price of 24-karat silver per tola increasing by Rs64 to Rs9,933, whereas the price of 10 grams of silver went up by Rs54 to Rs8,515.
In the international market, gold prices climbed by $127 to reach $4,840 per ounce, marking a fresh record, while silver prices rose by $0.64 to $94.58 per ounce, the association reported.
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