Gold prices hit record highs globally, domestically

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Gold prices have climbed to historic highs in both international and domestic markets.

In the international bullion market, the price of gold per ounce jumped $54, reaching a new peak of $3,940 per ounce.

In Pakistan, the price of gold per tola rose by Rs5,400, hitting a record Rs415,278 per tola.

Meanwhile, the price of 10 grams of gold increased by Rs4,629, reaching Rs356,033, the highest level ever recorded.

Read: Gold’s beast mode, 44% surge in nine months

Spot gold was up 1.4% at $3,940.04 per ounce, as of 1108 GMT, after hitting $3,949.34 earlier in the session.

Comparatively, spot silver climbed 1.2% to $48.53 per ounce, hitting its highest level in more than 14 years. Platinum rose 0.6% to $1,615.45 and palladium gained 1.6% to $1,280.75.

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