Gold prices in Pakistan experienced a significant increase on Monday, reaching new record highs in line with rising international rates. The local market saw the price of gold per tola increase by Rs700, bringing it to Rs260,700.

The 10-gram gold also saw a rise, selling at Rs223,508 after an increase of Rs600, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

This surge follows a slight decline in gold prices the previous day, where the price per tola closed at Rs260,000 after a decrease of Rs200.

The international gold rate also climbed on Tuesday. According to the APGJSA, the rate reached $2,512 per ounce (with a premium of $20) after gaining $10 during the day.

In contrast, silver prices remained unchanged at Rs2,950 per tola.