Gold prices in Pakistan reached on Monday a record-high while silver also rose to hit an unprecedented level. In the local market, gold price per tola reached Rs462,362 after a gain of Rs6,200 during the day.
Similarly, 10-gram gold was sold at Rs396,400 after it increased by Rs5,315, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Saturday, gold price per tola reached Rs456,162 after a gain of Rs1,300 during the day.
The international rate of gold was up by $62 to reach $4,400 per ounce (with a premium of $20).
Meanwhile, the price of silver increased by Rs218 to reach Rs7,205 per tola, a new all-time high.
Moreover, international gold jumped past the $4,400 per ounce level for the first time on Monday, riding on growing expectations of further US rate cuts and strong safe-haven demand, with silver also joining the rally to hit an all-time high.
Spot gold was up 1.7% at $4,411.01 per ounce, as of 0822 GMT, having climbed down from the record high of $4,420.01 hit earlier in the day. Spot silver climbed 2.5% to hit $69.44.
US gold futures for February delivery rose 1.3% to $4,444.00 per ounce.
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