Gold hits record Rs93,650/tola
KARACHI: Bullion prices increased Rs1,150/tola to an all-time high of Rs93,650/tola in the local market on Friday.
According to the data released by the All Sindh Saraf Jewellers Association, the local market witnessed increase in prices; following a surge in gold rates in the international market.
In the meantime, price of 10 grams gold raised Rs986 to Rs80,290. In the international market, bullion rates increased $23 to $1,635/ounce.
Abdul Razzaq, a member of the All Sindh Saraf Jewellers Association, said that international market showed an increase in prices after stockers purchase gold amid trade issues created by the coronavirus.
“They were buying gold as a safe heaven,” he added. Since buying power was low in Pakistan, bullion prices in the local market remained Rs2,000/tola lower, compared with the rates in the Dubai gold market, he added.
-
Hailee Steinfeld Reveals Her Plans To Return To Music -
Elon Musk Unveils SpaceX Plan For Civilian Moon, Mars Trips -
MTG Commander Banned Update: Wizards Frees Infamous Instant-win Card -
Royal Family Braces For ‘final Blow’ As Andrew Scandal Deepens -
Snow Forecast Warns Of Reduced Visibility And Travel Risks In Ontario -
Margot Robbie Reveals 'worst' Gift She Received From Co-star -
Casey Wasserman Says He ‘deeply Regrets’ Ghislaine Maxwell Emails After DOJ File Release -
Discord Face Scan Age Verification Rules Explained As Platform Tightens Access -
Cavaliers Vs Nuggets Showdown Heats Up After Blockbuster Trade -
Where Kelsea Ballerini, Chase Stokes Stand After Second Breakup -
'Disgraced' Andrew Hit With Reality Of Life Beyond Royal Bubble -
Thunder Vs Lakers: LeBron James Playing As Lakers Miss Luka Dončić -
Pistons Vs Hornets Recap: Brawl Erupts With 4 Players Getting Tossed Before Detroit Victory -
Gordie Howe Bridge Faces Uncertainty After Trump Warning To Canada -
Air Canada’s Flights To Cuba Halted As Aviation Fuel Crisis Worsens -
Marc Anthony Weighs In On Beckham Family Rift