In the international bullion market, the price of gold rose by $61 per ounce, reaching a historic high of $3,613 per ounce.
Following the global trend, domestic markets also witnessed a significant jump.
In Karachi’s Sarafa Bazaar, the price of 24-carat gold per tola surged by Rs6,100, bringing it to an unprecedented Rs384,000.
Similarly, the price of 10 grams of gold rose by Rs5,230, reaching a record Rs329,219.
Read: Gold up at Rs377,900 per tola in Pakistan following global rally
Spot gold was up 0.7% at $3,612.20 per ounce, as of 0841 GMT. Bullion rose to a record high of $3,616.64 earlier in the session.
Bullion has surged 37% so far this year, building on a 27% gain in 2024, driven by a weaker dollar, strong central bank buying, a soft monetary policy backdrop, and geopolitical and economic uncertainty.
Elsewhere, spot silver rose 0.3% to $41.08 per ounce. Platinum climbed 1.6% to $1,394.90, and palladium gained 1.3% to $1,124.24.