Pakistan, Oct. 8 -- Gold prices in Pakistan hit a new all-time high on Wednesday, tracking a sharp rise in international markets. The price of gold rose by Rs8,400 in a single day, pushing the per tola rate to Rs425,178, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Ten grams of gold were priced at Rs364,521, up Rs7,202.

The rally mirrors global market trends. Internationally, gold broke a major milestone by crossing $4,000 per ounce for the first time in history. As per APGJSA, the global rate stood at $4,039 per ounce, including a $20 premium. This marks an $84 increase during the day.

Read more: Gold prices surge to Rs 416,778 per tola

Just a day earlier, domestic gold prices had already seen a jump o...