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Gold rate reaches Rs123,800 per tola, historic high in Pakistan

Gold at global markets rose 1.5 percent to $1,928.83 per ounce on Monday, after hitting an all-time high of $1,933.30.

forexGold Rates - historic high for the first time in Pakistan - OyeYeah News
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Gold prices have reached a historic high in Pakistan on Monday, Rs123,800 per tola, according to All Sindh Sarafa and Jewellers Association (ASSJA).

On Monday, just a week before Eid-ul-Azha the yellow metal saw an Rs5,100, increase in rate, maintaining its rally for the past couple weeks.

Meanwhile, in the international markets, gold prices shot up to $46 to $1,942, recording the highest rate since September 2011.

Read More : Gold rate surges to all-time high Rs117,300 per tola in Pakistan

According to Forbes, gold prices are expected to rise further to $2,000 an ounce.

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.