Gold prices hit record high as rates surge by Rs5,800 per tola

Gold prices hit record high as rates surge by Rs5,800 per tola

Business

Gold prices soar globally and locally, reaching record highs as international rates jump $58 per ounce and local prices surge.

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KARACHI – The rise in gold prices continues unabated, reaching a record high today after another increase.

In the international bullion market on Wednesday, the price of gold per ounce surged sharply by $58 to a new all-time high of $4,198.

Following the global trend, local gold markets also saw a significant rise, with the price of 24-karat gold increasing by Rs5,800 per tola to a record Rs440,900.

Similarly, the price of 10 grams of gold rose by Rs4,972 to a new peak of Rs378,000 locally.