Pakistan, Jan. 20 -- Gold prices in Pakistan surged to a new all-time high on Tuesday, reaching Rs493,662 per tola. The increase of Rs4,300 follows gains in the international market. Analysts say rising global demand and currency fluctuations are driving prices higher.

Ten-gram gold also rose, selling at Rs423,235 after a daily gain of Rs3,686. The All-Pakistan Gems and Jewellers Sarafa Association reported the updated rates. Prices have been rising steadily, with Monday seeing an increase of Rs7,500 per tola.

Read more: Gold and silver hit record highs amid tariff fears

The international gold rate climbed by $43 to reach $4,713 per ounce, with a $20 premium. Experts note that international trends directly influence domestic rates. Inv...