Gold prices in Pakistan reached a new all-time high on Tuesday, surging by Rs1,900 per tola to Rs294,300.

This follows a Rs200 increase the previous day.

The price of 10 grams of gold also increased, rising by Rs1,629 to Rs252,314.

These increases mirror a rise in international gold rates, which reached $2,815 per ounce (with a $20 premium), up $16 from the previous day, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Silver prices also saw an increase, rising by Rs 49 to Rs 3,314 per tola.