Gold prices have hit a record high in the domestic market.

KARACHI: Gold prices across the world, including Pakistan, have recorded an enormous increase, and the rates in the local sarafa market have reached the highest level in history.

The price of gold has increased by Rs 2,550 per tola in the country, after which its new price has gone up to Rs 3,17,350. Similarly, sovereign gold rose by Rs 2,186 to Rs 2,72,076 per 10 gram.

Gold prices also rose sharply in the global market, rising by $25 to $3,022 per ounce. According to experts, the price of the precious metal is witnessing a continuous rise due to economic uncertainty globally, volatility in the value of the dollar, and increasing interest in gold by investors.

Economists say that if the current trend continues, it is possible to further increase gold prices in the coming days, which is very important for jewelry buyers as well as investors.