The per tola price of the yellow metal jumped Rs1,450 in local markets
Karachi: Gold prices reached a new height in Pakistan on Monday.
A delay in the revival of the International Monetary Fund's (IMF) programme, appreciation of US dollar prices against Pakistani rupee, and economic uncertainties helped pushed the prices of gold.
The precious commodity has emerged as a safe asset in these challenging times of the economic crisis. People were aggressively buying gold to protect their cash from deflation.
Gold prices in the local bullion market soared by Rs1,450 per tola and Rs1,243 per 10 grams today to reach an all-time high of Rs147,250 and Rs126,243 amid continuous depreciation of the rupee against the US dollar.
The precious commodity closed at a record high of Rs145,800 per tola and Rs125,000 per 10 grams on Saturday. Cumulatively, the yellow metal gained Rs3,650 per tola in Pakistan during the week ended June 18.
Iran says any US attack including limited strikes would be ‘act of aggression’
- a day ago
Ken Watanabe didn’t think a kabuki movie would work
- 11 hours ago
T20 World Cup: Pakistan warn England’s flaky batting to expect a trial by spin
- a day ago
Senate passes resolution rejecting Israeli statement, reaffirms support for Palestine
- an hour ago
UN chief decries global rise of ‘rule of force’
- 20 hours ago
Six cops including DSP martyred in Kohat attack
- 14 minutes ago
Security forces kill four terrorists in DI Khan IBO: ISPR
- 10 minutes ago
Nintendo’s next big Pokémon presentation is on February 27th
- 10 hours ago
The Pixel 10A and Soundcore Space One are just two of the best deals this week
- 2 hours ago
Gold prices continue to surge in Pakistan, global markets
- a minute ago
Met office forecasts dry weather in most parts of country
- 8 minutes ago
Three Federal Constabulary personnel martyred in terrorist attack in KP’s Karak
- a day ago
