Gold prices soared to record levels on Monday in both international and local markets, fueled by a sharp rise in global bullion rates.
According to the All Pakistan Gems and Jewellers Association, international gold climbed $59 to reach a historic $3,818 per ounce.
In Pakistan, the per tola rate surged by Rs5,900 to Rs403,600, while 10 grams rose by Rs5,058 to Rs346,021.
Traders attributed the surge to strong global demand and a weakening dollar. Spot gold was last up 1.7% at $3,824.52 per ounce, after touching $3,829.13 earlier.
Meanwhile, silver jumped 2.1% to $46.95 per ounce, its highest in more than 14 years, platinum gained 1.7% to $1,595.35 (a 12-year peak), and palladium rose 0.7% to $1,279.46.
