Gold climbs about 1% to $4,163

Gold prices surged significantly, with spot transactions jumping about 1% to $4,162.85 per ounce, marking a new record high. Local gold prices also saw a notable increase, with the price of a 21-karat gram reaching approximately 5,990 pounds following movements in the global markets. This comes after U.S. jobs growth data and a drop in the unemployment rate to 4.4%.

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