KARACHI: Gold rally continued on Thursday as the yellow metal gained Rs800 a tola in Pakistan, the All Sindh Sarafa and Jewellers Association (ASSJA) said.
With the latest bump in rates, gold is now priced at Rs129,500 per tola. Similarly, the gold rate for 10 grammes climbed Rs685 to reach Rs111,025, according to the ASSJA.
The gold rates around the world are on an upwards trend after recording a historic high yesterday amid economic woes and resurgence in coronavirus cases keeping the investors concerned.
In the international markets, bullion went up $9 an ounce to $2,050.
Analysts around the world forecast gold to record more gains considering the speed at which the yellow metal broke through $2,000-an-ounce mark, leaving some in the market fearing a correction, as the coronavirus pandemic spurs investors to buying into the relative safety the precious metal offers.
Gold has gained almost $500 this year and $200 in just the past two weeks.
"This would be final review of SBA, and staff level agreement is expected after this appraisal," says finance ministry
A commercial bank in Karachi has reportedly received Rs1,000 notes that were misprinted
BML Capital terms new finance minister a “solid guy” to put country on reform path
During intraday trading, PSX plunged by over 1,000 points and made slight recovery before its closing
US has witnesses a rise in prices of homes that is a reason to make homeowners happy as their home equity is increasing
Better Business Bureau has sounded the alarm that 67,000 crypto scams have been reported