Gold hits all-time high in Pakistan

Canada Global (Web News) Gold’s record rally is edging dangerously close to the psychologically important Rs175,000 level in Pakistan, fueled by investors seeking refuge from the political toll reflected in rupee weakness, faltering stocks, and economic tension.

The price of precious goods increased by Rs 2,200 per tola and Rs 1,886 per 10 kilos, according to the All Pakistan Sarafa Gems and Jewellers Association, to settle at Rs 174,900 and Rs 149,948, respectively.

Gold Price Hike

The commodities expert noted that investors’ attention has switched to safe-haven assets as a result of the dollar’s scarcity and uncertainty about the rupee’s parity with the dollar.

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