Abb Takk News

Gold Price Up By Rs2,200

KARACHI: Gold continued to shine in the local market on Thursday as the price rose by 1.5%, and as a result, investors once again started showing interest in the safe-haven asset. 

The gold price rose by Rs2,200 per tola and Rs1,886 per 10 grams to settle at Rs145,900 per tola and Rs125,086 per 10 grams, data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed.

Although gold is considered a traditional hedge against economic and other global uncertainties, investors have lately preferred the safety of the dollar amid growing slowdown worries and a high-interest rate environment.