The price of gold saw a significant increase in the local market, with the price per tola of gold rising by Rs 2,600.
Following this significant increase on Tuesday, the value of one tola of the precious metal reached a new all-time high of Rs 454,862 in the local bullion market.
Similarly, the price of ten grams of the yellow metal also saw a substantial increase of Rs 2,229.
This increase brought the price of ten grams of gold to a new level of Rs 389,970.
This rising trend in prices in the local market was a reflection of global developments, where the value of the commodity recorded an increase of $26 per ounce.
In international trade, the price of gold reached $4,325 per ounce.