Gold Price in Pakistan hit 5 years high

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KARACHI: Gold price on Saturday hit five-year peak of Rs59,450 and Rs50,957 after rising by Rs400 and Rs343 due to $8 per ounce hike in world gold price to $1,346 on Friday.

On March 27, the one-tola and 10-gram gold rate touched Rs59,200 and Rs50,742 based on world gold price of $1,348 per ounce.

On Jan 1, All Sindh Sarafa Association (ASSA) quoted rates of Rs48,171 per 10-gram and Rs56,200 per tola while the world bullion rate was $1,304 per ounce.

From January till to date, the one-tola price has swelled by Rs3,250 and 10-gram by Rs2,786 followed by $42 per ounce rise in international yellow metal price.

Economy