After a massive increase the previous day, gold prices in Pakistan are climbing up to their highest ever with another hike on Thursday, as global markets also experience an increase in the precious metal rates.
In the local market, the price of 24-karat gold increased by Rs700 per tola, taking it to Rs277,900, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Similarly, the price of 10-gram 24-karat gold also hiked by Rs600, now standing at Rs238,254.
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Globally also, gold prices faced a rising trend, with rates upping by $7 during the day. According to the APGJSA, the international gold price stood at $2,682 per ounce.
Despite the hike in gold prices, the silver market remained stable, with the price of silver holding at Rs3,050 per tola.
Last month, gold prices in Pakistan had surged to a record high of Rs277,000 per tola, as the precious metal saw significant gains due to international market fluctuations.