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Gold price surges to Rs3,400 per tola in Pakistan

Gold price surged to Rs3,400 per tola in Pakistan on Thursday.

Russia’s invasion of Ukraine ratcheted up fears of a war in Europe and drove investors away from riskier assets and into safe havens.

The development, like the rest of the world, has affected the bullion rates in Pakistan as well.

Read more: Oil prices surge towards $100 per barrel after Russia’s offensive against the neighbour Ukraine

The prices of yellow metal, which is considered a haven asset in times of uncertainty, in Pakistan on Thursday surged over 2.67% .

Ther gold rates rose Rs3,400 per tola and Rs2,915 per 10 grams to settle at Rs130,300 and Rs111,711, respectively.

In the international market, the gold prices have risen above the $1,900-mark, recording an increase of $77 per tola to settle at $1,972.

Saman Siddiqui

I am a freelance journalist, holding a Master’s Degree in Mass Communication and an MS in Peace and Conflict Studies, associated with the electronic media industry since 2006 in various capacities. Here at OyeYeah, I cover a range of genres, from journalism to fiction to fashion, including reviews, and fact findings. 

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