KARACHI: Gold prices proceeded on Thursday as the yellow metal picked up Rs800 a tola in Pakistan, the All Sindh Sarafa and Jewelers Association (ASSJA) said.
With the most recent knock in rates, gold is presently evaluated at Rs129,500 per tola. Correspondingly, the gold rate for 10 grams climbed Rs685 to reach Rs111,025, as indicated by the ASSJA.
The gold rates far and wide are on an upwards pattern in the wake of recording a memorable high yesterday in the midst of financial hardships and resurgence in coronavirus cases keeping the speculators concerned.
In the worldwide markets, bullion went up $9 an ounce to $2,050.
Experts around the globe estimate gold to record more gains considering the speed at which the yellow metal got through $2,000-an-ounce mark, leaving some in the market dreading a rectification, as the coronavirus pandemic spikes financial specialists to becoming tied up with the relative security the valuable metal offers.
Gold has picked up nearly $500 this year and $200 in only the previous fourteen days.