ISLAMABAD, Jan. 12 -- Gold prices in Pakistan surged to an all-time high on Monday, reflecting both strong global demand and persistent volatility in commodity markets. The increase marks one of the steepest single-day gains recorded this month.

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According to figures released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola jumped by Rs7,700 to reach a new record of Rs480,962. Meanwhile, the price of 10 grams of 24-karat gold rose by Rs6,602 to settle at Rs412,347.

Rates for 22-karat gold also climbed significantly, with 10 grams advancing by Rs6,052 to Rs377,998. Dealers attributed the continued rise to both currency fluctuati...