The price of gold in Pakistan continued its upward trajectory towards the all-time high mark, registering a significant increase of Rs. 2,800 per tola on Monday.
According to data released by the Karachi Sarafa Association, the price of gold (24 carats) surged by Rs. 2,800 per tola to reach Rs. 237,600, while the price of 10 grams rose by Rs. 2,401 to Rs. 203,704.
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This recent surge in gold prices, attributed to the rise in international gold prices, has resulted in a substantial increase of Rs. 19,100 per tola during the month of March alone. If this trend persists, the price of gold is expected to surpass the all-time high of Rs. 240,000 per tola soon.
In the international market, gold prices also continued their record-breaking streak, with spot gold increasing by 0.7 percent to $2,247.48 per ounce as of 1059 GMT. Similarly, US gold futures witnessed a notable rise of 1.3 percent to reach $2,268.10.
