Gold prices hit all-time high, reach Rs109,100 per tola in Pakistan

Author: Web Desk

KARACHI: Gold prices in Pakistan reached all-time high at Rs 109,100 per tola, according to Jewellers association of Sindh.

According to rates issued by the All Sindh Sarafa and Jewellers Association (ASSJA), prices moved up Rs800 per tola on Thursday. The price of 10 grammes of gold was also bumped up Rs686 to Rs93,536.

In addition, the international gold rate has gone up to $12 an ounce to almost $1,814.

All the jewellery workshops and outlets are lying closed under the nationwide lockdown these days. However, Pakistan Mercantile Exchange (PMEX) – the commodities futures market in the country that works online – and the Karachi Bullion Exchange – which remains functional through telephonic contacts – continued to operate.

The latest price for local markets was determined to keep in view the prices at which trades took place among buyers and sellers at the Karachi Bullion Exchange (the major gold market of the country,  Association President Haji Haroon Chand Rasheed.

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