KARACHI: Local gold prices climbed to fresh record highs on Wednesday, breaching the Rs500,000-per-tola level as bullion markets continued to set new benchmarks, traders said.
International uptrend caused a steep rise in local gold prices by Rs12,700 to trade at new historic rate of Rs506,362 per tola and Rs10,888 to Rs434,123 per 10 grams, according to All Pakistan Sarafa Gems and Jewellers Association. Establishing new record levels, gold bullion in the global market surged by a mammoth USD127 to reach USD4,840 per ounce. Sim-ilarly, silver prices soared to a new all-time high of USD95 per ounce, posting a further increase of USD1, it said.
Domestic silver prices also grew to the highest ever mark of Rs9,933 per tola and Rs8,515 per 10 grams, surging by Rs64 and Rs54, respectively, the association added.
It is worth noting that the open market may trade gold and silver at prices differing those officially fixed by the association.
Copyright Business Recorder, 2026
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