Both the global and Pakistani gold markets saw a sharp rise in the prices of yellow metal on Tuesday.

According to the 24News HD TV channel, one tola of pure gold of 24 karats has witnessed a price hike of Rs500 to Rs2,33,500.

The price of 10 grams of pure gold of 24 karats has risen by Rs429, marking a new price point of Rs2,00,189 per 10 grams.

The price of 22 karats of gold usually used for jewellery making in Pakistan has also increased and traded at Rs1,83,506 per 10 grams.

In the international market, the price of gold also increased by US$2 per ounce to US$1,917 per ounce on Tuesday.

On the other hand, the price of pure silver of 24 karats did not change and traded at Rs2,850 per tola and Rs2443.41 per 10 grams.