Gold prices in Pakistan continued their upward trajectory on Saturday, hitting a new all-time high in the local market.

The price of gold rose by Rs1,800 to reach Rs340,600 per tola, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The price of 10 grams of gold also climbed, increasing by Rs1,543 to Rs292,009.

The precious metal had already posted a sharp gain on Friday, rising by Rs10,000 in a single day to reach Rs338,800 per tola, setting what was then a record.

In the international market, gold prices also surged on Friday. APGJSA reported the global rate at $3,236 per ounce, including a $20 premium, marking an $18 increase during the day.

Silver prices, meanwhile, remained unchanged at Rs3,234 per tola.