In the local market, the price of 10 grams of gold increased by Rs1,286, while per tola gold rose by Rs1,500.

With the latest increase, 10 grams of gold reached a record level of Rs357,319, and per tola gold climbed to Rs416,778 across the country.

In the international market, the price of gold rose by $15, reaching $3,955 per ounce, marking a new global peak.

Moreover, the silver price decreased by Rs20 per tola to reach Rs4,929.

Gold has climbed 51% so far this year on strong central bank buying, increased demand for gold-backed ETFs, a weaker dollar and growing interest from retail investors, Business Recorder said in a report.