In the international bullion market, the price of gold rose by $19 per ounce, pushing the rate to a new record of $4,217 per ounce.
Driven by this global increase, gold prices in Pakistan also hit an all-time high. The price of one tola of gold jumped by Rs1,900, reaching Rs442,800.
Meanwhile, the price of 10 grams of gold increased by Rs1,629, now priced at Rs379,629.
Read: Gold prices hit new record, cross Rs440,000 mark
On Wednesday, the international bullion market witnessed a sharp surge, as the price of gold jumped by $58 per ounce, reaching an all-time high of $4,198.
In response to the global spike, domestic gold prices in Pakistan also soared. According to local jewellers, the price of 24-karat gold per tola rose by Rs5,800, hitting a record level of Rs440,900.
Read more: Gold prices rally in global, Pakistani markets
Similarly, the price of 10 grams of 24-karat gold increased by Rs4,972, taking it to a new peak of Rs378,000.