Gold per tola hits record-high in Pakistan

Gold prices in Pakistan hit another record-high on Monday. In the local market, gold price per tola reached Rs532,062 after a gain of Rs10,900 during the day. Similarly, 10-gram gold was sold at Rs456,157 after it increased by Rs9,345, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold price per tola reached Rs521,162 after a gain of Rs6,500 during the day. The international rate of gold was up by $109 to reach $5,097 per ounce (with a premium of $20). The international gold surged past $5,000 per ounce buoyed by safety flows amid dollar weakness following a turbulent week where tensions over Greenland and Iran rattled investors, while markets remained on tenterhooks after violent spikes in the yen.