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

The US’s tensions with Venezuela and Iran, the echo of the US Federal Reserve’s further interest rate cut this year, and geopolitical tensions have caused global and local gold and silver prices to touch new historical highs intermittently.

On Monday, the price of gold per ounce in the international bullion market suddenly increased by $77 after a gap of 3 months to reach a new high of $4,586.

After the increase in the global market, the price of gold per tola in the country also increased by Rs7,700 to Rs480,962.

In addition, the price of gold per ten grams increased by Rs6,602 to Rs412,347.

The price of silver per tola increased by Rs 430 to a new high of Rs 8,895, while the price of silver per ten grams increased by Rs 369 to Rs 7,626.