Gold prices continued their upward trend on Wednesday, hitting record highs in both global and local markets.
Reports indicate that growing concerns over inflation and aggressive gold purchases by various countries to bolster their reserves have fueled the steady price surge worldwide.
Read more: Gold Reaches Record Highs in Pakistan
In the international bullion market, gold prices rose by $16 per ounce, reaching an all-time high of $3,038. This increase also impacted local markets, where 24-karat gold per tola jumped by Rs1,650 to a record Rs319,000. Similarly, the price of 10 grams of 24-karat gold climbed by Rs1,415, reaching an unprecedented Rs273,491.
Meanwhile, silver prices remained stable, with per tola silver holding steady at Rs3,555 and 10 grams maintaining a value of Rs3,047.
