Gold price soars by Rs 13,300 per tola in local bullion market, silver price also increases

The price of gold in the local bullion market surged by a staggering Rs 13,300 per tola, reflecting a significant rally in both national and international precious metal markets.

Following this substantial increase on Monday, the price of one tola of gold has reached a new all-time high of Rs 563,862.

Similarly, the price of ten grams of gold saw a significant rise of Rs 11,402, setting its new price at Rs 483,420.

This local trend aligns with a sharp increase in the global market, where the value of gold appreciated by $133 per ounce.

Consequently, its price in the international market settled at an impressive $5,411 per ounce.

This rally was not confined to gold, as the price of silver also experienced a notable increase. The price of silver per tola rose by Rs 188 to reach a new high of Rs 10,050.