The price of 24-karat gold per tola rose by Rs. 1,100, reaching Rs. 314,800 on Monday, up from Rs. 313,700 on the previous trading day, according to the All Pakistan Sarafa Gems and Jewelers Association.
This surge pushed the gold price in the local market to a new record high.
Similarly, the price of 10 grams of 24-karat gold climbed by Rs. 943 to Rs. 269,890, while 10 grams of 22-karat gold increased by Rs. 865 to Rs. 247,408.
Meanwhile, silver prices remained unchanged, with per tola silver at Rs. 3,530 and 10 grams at Rs. 3,026.
On the global market, gold prices rose by $13, reaching $2,997 from $2,984, while silver remained steady at $33.85.