Gold prices in global and domestic markets surged to record highs on Monday, following strong gains in the international bullion trade.

In the international market, gold per ounce rose by $34 to reach $3,719. In Pakistan, the price of gold per tola increased by Rs3,400 to Rs393,700, while the rate for 10 grams jumped by Rs2,915 to Rs337,534.

Read: Gold prices surge in global, local markets

This rally follows a week of steady increases in both local and global markets.

On Saturday, 24-karat gold in Pakistan rose by Rs2,800 per tola to Rs390,300, while 10 grams reached Rs334,619.

Silver also gained, with the per-tola rate at Rs4,532 and 10 grams at Rs3,885.

The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) confirmed the new rates, reflecting strong global demand and investor interest in precious metals.