The price of 24-karat gold reached a historic peak on Wednesday, climbing by Rs2,000 to an unprecedented Rs472,862 per tola as compared to the previous day’s closing of Rs470,862.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold also increased sharply by Rs1,714, settling at Rs405,402 against Rs403,688 a day earlier.

Similarly, the price of 10 grams of 22-karat gold rose to Rs371,632 from Rs370,060, reflecting an increase of Rs1,572.

In the international market, gold prices increased by $20, reaching $4,505 compared to $4,485 on the previous day.

Meanwhile, the price of per tola silver rose by Rs500, reaching Rs7,705 from Rs7,205 on the last trading day.

The 10-gram silver price increased by Rs428, closing at Rs6,605 as against Rs6,177 the previous day.

International silver prices also witnessed an uptick of $5, rising to $72.30 compared to $69.30.