Gold and silver prices have reached new historical highs in global and local markets.

In addition to the tense situation between the European Union countries and the United States, the arrival of a US aircraft carrier in the Middle East, the military exercises by Iran in the Strait of Hormuz, and the looming threat of war in the region have created an uncertain environment in global and local markets, causing global and local gold and silver prices to reach new historical highs.

As the price of gold per ounce in the international bullion market suddenly increased by $211 to a new high of $5,293, the price of 24-carat gold per tola in local bullion markets also increased by a record Rs21,100 to a new high of Rs551,662 during one-day trading for the first time in the country’s history on Wednesday.

In addition, the price of gold per ten grams also increased by a record Rs 18,090 to a new historic level of Rs 472,961.

Similarly, the price of silver per ounce in the global market increased by $ 2.36 to reach a high of $ 114.27, while the price of silver per tola in the local bullion markets also increased by Rs 271 to reach a new high of Rs 11,911, and the price of silver per ten grams also increased by Rs 232 to reach a high of Rs 10,211.

With the US dollar falling to a 4-year low due to the de-dollarization policy at the global level, the demand for increasing assets in gold is increasing due to the geopolitical situation.

Meanwhile, central banks in most countries around the world are also seeing a trend of increasing pure gold purchasing activities, which is pushing gold and silver prices to new historical highs on a daily basis.