Gold prices climbed to record levels in both international and domestic markets on Monday. In international bullion markets, the price of gold jumped $55 per ounce, reaching a historic high of $4,071.
The surge in international prices pushed domestic gold rates higher. The price per tola rose by Rs5,500 to reach a record Rs428,200,
Meanwhile, the price per 10 grams increased by Rs4,715, settling at Rs367,112.
Read: Gold prices rise in global, local markets
The rise in precious metals reflects strong global demand and tightening supply in the bullion market.
Spot gold was trading at $4,074.02 per ounce as of 08:25 GMT, after briefly touching $4,078.05/oz.
Silver also saw gains, with spot prices rising 2.2% to $51.37/oz, after hitting $51.70/oz, amid similar market dynamics and tight supply conditions.
