Gold prices in Pakistan reached a new all-time high on Tuesday as the price of 24-karat gold increased by Rs. 1,900 per tola, selling at Rs. 294,300 compared to Rs. 292,400 the previous day, according to the All Sindh Sarafa Jewellers Association.

The price of 10 grams of 24-karat gold also rose by Rs. 1,629, reaching Rs. 252,314 from Rs. 250,685. Meanwhile, the price of 10-gram 22-karat gold increased to Rs. 231,296 from Rs. 229,802.

Silver prices also saw an increase, with the price of per tola silver rising by Rs. 49 to Rs. 3,314 from Rs. 3,265.

In the international market, gold prices climbed by $16, reaching $2,815 per ounce compared to $2,799 the day before, contributing to the surge in local gold prices.