Gold prices in Pakistan surged on Tuesday, mirroring international gains and reaching a new all-time high in the local market.

In the Pakistani market, the price of gold per tola reached Rs. 416,778 after increasing by Rs. 1,500 during the day, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The price for 10 grams of gold also climbed, selling at Rs. 357,319 after a gain of Rs. 1,286. On Monday, gold prices had already surged, with the per tola rate hitting Rs. 415,278 following a single-day jump of Rs. 5,400.

Internationally, gold continued its upward trajectory. APGJSA reported the global rate at $3,955 per ounce (including a $20 premium), up $15 for the day. Spot gold was trading around $3,960 per ounce, after reaching a new high of $3,977.19 earlier.