The upward trend in gold prices continues, with rates reaching historic highs both internationally and in Pakistan’s local markets.

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.

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

Spot gold was up 1.5% at $4,203.79 per ounce as of 1018 GMT, after touching a record high of $4,217.95 earlier in the session. US gold futures for December delivery gained 1.4% to $4,220.20.

Silver r

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