Gold prices recorded a sharp increase in both local and international markets, with rates rising significantly in Pakistan’s bullion market.

According to the local Sarafa Bazaar Association, the price of gold per tola increased by Rs3,700 to reach Rs473,262.

Similarly, the price of 10 grams of gold rose by Rs3,172, taking it to Rs405,745.

In the international market, gold prices increased by $37 to reach $4,509 per ounce.

It is worth noting that a day earlier, gold prices in the global bullion market had already risen by $34 per ounce, pushing the rate to $4,472.