Gold prices, both globally and locally, rose once again, while silver rates reached a record high.

According to Express News, due to a $5 increase in the international bullion market, the price of gold per ounce reached $4,212.

Consequently, in local bullion markets on Thursday, the price of 24-carat gold per tola increased by Rs500, reaching Rs443,562. After this, the price of gold per 10 grams rose by Rs428, reaching Rs380,282.

Read: Gold prices climb again in local, international markets

Similarly, the price of silver per tola increased by Rs85 to Rs6,452, marking a new historical high, while the price of silver per 10 grams rose by Rs73 to Rs5,531, also reaching a record level.

Globally, spot gold fell 0.3% to $4,217.09 per ounce as of 1111 GMT, while US gold futures for February delivery gained 0.5% to $4,244.70 per ounce.

Spot silver rose 1% to $62.39 per ounce, after hitting a record high of $62.88 earlier in the session, bringing its year-to-date gain to 116% on strong industrial demand, declining inventories, and its inclusion on the US critical minerals list.