The prices of gold and silver in Pakistan and globally witnessed another massive hike on Friday, taking the rate of the metals to a new all-time high.

After a day's break, gold and silver jumped again in global and local markets. Gold and silver rates have hiked to historic highs due to purchases by central banks of many countries and geopolitical situations.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased by a massive Rs9,100 per tola, reaching Rs514,662, as global rates rose amid steady investor demand.

The price of 10 grams of gold also climbed by Rs7,802 to Rs441,239, according to the APSGJA.

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The price of 10g of 22-karat gold increased by Rs7,152 to reach Rs404,483.

In the international market also, gold prices increased by $91 per ounce to settle at $4,923. The uptick reflects sustained global interest in precious metals amid economic uncertainty and shifting currency trends.

Silver followed a similar trajectory, with the price per tola of 24-karat silver rising by Rs372 to reach the highest-ever rate of Rs10,275. The price of 10 grammes of 24k silver hiked by Rs319 to be sold for Rs8,809.