Pakistan, Oct. 14 -- Gold prices in Pakistan reached a record high on Monday as global rates surged sharply. The increase came after international gold prices jumped by $55 to $4,071 per ounce. This global rise directly affected local markets, pushing the gold prices in Pakistan to unprecedented levels.

The price of 10 grams of 24-karat gold rose by Rs4,715 to Rs367,112. Similarly, the rate of one tola increased by Rs5,500, reaching Rs428,200. Local jewellers said the strong rally followed the weekend's calm market, where rates had remained stable. The sudden spike reflected both international price trends and changes in investor sentiment.

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Experts linked the surge to renewed ...