The price of 24-karat gold surged by Rs. 1,346 per tola, reaching an all-time high of Rs. 300,046 on Friday, compared to Rs. 298,700 on the previous trading day, according to the All Sindh Sarafa Jewellers Association.
This marks the first time in history that gold prices have crossed the Rs. 300,000 per tola threshold.
Similarly, the price of 10 grams of 24-karat gold rose by Rs. 1,154, reaching Rs. 257,241 from Rs. 256,087. Meanwhile, 10 grams of 22-karat gold climbed to Rs. 235,812 from Rs. 234,754.
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Silver prices also saw an upward trend, with per tola silver increasing by Rs. 51 to Rs. 3,378, while the price of 10 grams rose by Rs. 44 to Rs. 2,896.
On the global front, the price of gold in the international market increased by $10, reaching $2,869 from $2,859, the Association reported.