Gold prices surged to record highs on Monday in both international and local markets, driven by a sharp rise in the global bullion rate.
According to the All Pakistan Gems and Jewellers Association, international gold prices jumped by $59 to reach an unprecedented $3,818 per ounce.
In Pakistan, the per tola price climbed by Rs5,900 to a historic Rs403,600, while the rate for 10 grams rose by Rs5,058 to Rs346,021.
Read: Gold prices fall in global, local markets
Traders attributed the spike to strong global demand and a weakening dollar, pushing domestic prices to their highest levels ever.
Spot gold jumped 1.7% to $3,824.52 per ounce by 1147 GMT, after hitting $3,829.13 earlier in the session.
Elsewhere, spot silver climbed 2.1% to $46.95 per ounce, hitting a more than 14-year high, while platinum gained 1.7% to $1,595.35, a 12-year high, and palladium rose 0.7% to $1,279.46.
