ISLAMABAD – Gold Prices in Pakistan hit highest level of history, it hasbeen reported.
As per media report, Gold prices in the country have been hitting a newhigh almost every day for the last few days. They saw their biggest jump ofthe year on Wednesday when a tola became Rs1,000 more expensive in one day.
The precious metal is now trading at Rs69,600 per tola, its highest levelever in the country. In the last three trading sessions, the bullion pricekept breaching previous highs and increased by Rs1,450.
The last time gold increased by Rs1,000 in a day was on December 27,according to data compiled by the All Sindh Saraf and Jewellers Association.
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The price of gold has been on the rise this month. In just two weeks, theprice of a tola has increased by Rs2,500.
The prices compiled by the ASSJA come with a lag of a day after changes ininternational prices. Pakistani traders adjust gold prices based on pricemovements in the international market and fluctuation in the dollar ratesas well as the market forces of demand and supply.
