Gold prices break Pakistan


KARACHI: Gold prices on Friday broke the price of Rs 132,000 per tola, the All Sindh Barter and Jewelers Association (ASSJA) said. Despite the record high. Economic distress and resurgence in cases of corona virus.

The latest increase in the price of gold in Pakistan was Rs 2,500 per tola, compared to an increase of Rs 800 a day earlier. Similarly, according to ASSJA, the price of 10 grams of gold rose by Rs 2,144 to Rs 113,169.

On the other hand, the price of gold in international markets increased by ڈالر 4 per ounce to 0 2,054.

Analysts around the world have been predicting further gains in gold in the wake of the momentum that caused the yellow metal to break the 2,000-ounce mark a few days ago. Some in the market were apprehensive about the reform, as the corona virus crisis forces investors to buy billions.

Gold prices hit Dollar 2,000 an ounce for the first time on Tuesday, the latest in a series of shelters amid economic uncertainty.

The precious metal symbolically reached the key benchmark near 4:04 pm GMT before having to retreat somewhat and then crossing the line again 30 minutes later.

Gold prices have risen more than 30 percent this year as the outbreak of the corona virus has weakened the economy and clouded the global financial outlook.

"The price of gold is seen as an opportunity to buy," the commercial bank said in an analysis.