Gold prices have surged both internationally and locally, reaching new record levels as global uncertainty continues to drive investment in precious metals.

According to Express News, there has been a growing trend of investment in gold as individuals seek to protect assets from devaluation, contributing to continued uncertainty in the global precious metals market.

On the international bullion market, the price of gold rose by $20 per ounce, reaching a peak of $2,933. This increase pushed local markets to new heights as well. On Friday, the price of 24-carat gold per tola in local markets increased by Rs2,200, reaching a historic level of Rs306,200.

Similarly, the price of gold per 10 grams also saw a rise of Rs1,886, reaching a new record of Rs262,517.

Meanwhile, silver prices also saw a boost, with the price of one tola of silver increasing by Rs83 to reach Rs3,450, while the price of 10 grams of silver rose by Rs71, reaching Rs2,957.