After a two-day Ashura break, the market reopened to a significant spike in price, which has led to an all-time high for gold in Pakistan.
Dealers claim that the potential for the US central bank to cut interest rates is one reason why gold has become more expensive, but there is also the potential impact of Donald Trump winning the US elections.
According to a study released on Monday by the All-Pakistan Gems and Jewellers Sarafa Association, the cost of a tola of 24-karat gold jumped by Rs4,600, reaching a record-breaking Rs254,000.
The cost of 10-gram 24-karat gold also saw an increase, going from Rs3,944 to Rs217,764.
On Thursday, 10 grams of 22-karat gold cost Rs199,617.
