ISLAMABAD: Gold prices have once again reached record highs in both international and local markets, continuing their upward momentum amid strong global demand.
As per reports, rising inflation concerns, continued demand for pure gold and increased government purchases have played a major role in the ongoing price hike. As a result, gold prices are touching new records daily.
In the international bullion market, the price of gold rose by $12 per ounce to a new high of $3,050 per ounce.
Following the global trend, gold prices also increased significantly in the local bullion markets. On Thursday, the price of 24-karat gold per tola increased by Rs. 1,800. It reached a high of Rs. 320,800.
Similarly, the price of 10 grams of gold increased by Rs. 10. It set a new record of Rs. 1,543. 275,034.
During this period, silver prices witnessed a slight decline. The price of one tola of silver decreased by Rs. 31, settling at Rs. 3,524, while the price of 10 grams of silver decreased by Rs. 26, reaching Rs. 3,021.
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