Gold prices in Pakistan surged sharply on Monday, crossing Rs. 400,000 per tola for the first time in history.
In the local market, the price of 24-karat gold was recorded at Rs. 403,600 per tola, reflecting an increase of Rs. 5,900 in a single day.
According to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the price of 24-karat gold per 10 grams also climbed, reaching Rs. 346,021 after a gain of Rs. 5,058.
Meanwhile, 22-karat gold was quoted at Rs. 317,197 per 10 grams.
Similarly, silver prices rose in the domestic market, with 24-karat silver being sold at Rs. 4,792 per tola (+Rs. 88) and Rs. 4,108 per 10-gram (+Rs. 76).
The international price of gold also climbed today, with the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) reporting a rate of $3,818 per ounce (including a $20 premium), up by $59 for the day.