According to reports, strong demand for pure gold, inflation concerns, and government purchases in various countries are driving gold prices to new record levels daily.

In the international bullion market, the price of gold per ounce surged by $12, reaching a historic high of $3,050.

Following the global trend, Pakistan’s local gold market also witnessed a sharp increase.

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On Thursday, the price of 24-karat gold per tola rose by Rs1,800, setting a new all-time high of Rs320,800.

Similarly, the price of 10 grams of gold climbed by Rs1,543 to Rs275,034.

In contrast, silver prices saw a decline.

The price of one tola silver dropped by Rs31 to Rs3,524, while the price of 10 grams of silver fell by Rs26 to Rs3,021.