Gold prices surged to new all-time highs, driven by a sharp rally in the international market that pushed domestic rates to unprecedented levels.

In global trading, spot gold rose 1.2% to $4,332.25 per ounce by 1136 GMT, its highest level since October 21.

The international surge immediately fed into the local bullion market.

The per tola gold price jumped by Rs10,700 to reach Rs454,262, according to market data. Prices for 10 grams of gold climbed by Rs9,174 to Rs389,456.

The metal is on track for a 3.2% weekly gain, reflecting strong investor demand. Spot silver also extended its momentum, rising 1.1% to $64.29 per ounce after touching a new record of $64.56/oz. The metal is headed for a 10.4% weekly gain.

Silver prices in the domestic market also recorded strong gains, with the per

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