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

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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.

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

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