KARACHI: Gold and silver prices further soared, hitting new all-time highs on Wednesday, with international bullion market inching closer to USD 5,300 per ounce, traders said.

Local gold prices posted a record single day increase of Rs21,100 to set fresh historic benchmark of Rs551,662 per tola and Rs180,90 to Rs472,961 per 10 grams, according to All Pakistan Sarafa Gems and Jewellers Association.

Domestic silver prices also grew further by Rs271 and Rs232, settling at new height of Rs11,911 per tola and Rs10,211 per 10 grams, respectively, the association added.

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