Gold Prices in Pakistan hit near all time high

Gold Prices in Pakistan hit near all time high
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ISLAMABAD - Gold is trading at its highest level as prices surged by Rs250 per tola on Wednesday, according to data compiled by the All Sindh Saraf and Jewellers Association.

A tola of gold is now worth Rs68,150. This is the highest rate for the precious metal, breaching the previous high of Rs68,000 of December, 2018.

The price of gold increased for the sixth consecutive day, making it Rs1,050 more expensive than its price on February 5.

The prices compiled by the ASSJA come with a lag of a day after changes in international prices.

Pakistani traders adjust gold prices based on price movements in the international market and fluctuation in the dollar rates as well as market forces of demand and supply.

Economy