Abb Takk News
BusinessNews TickerPakistanTop NewsTRENDING

Gold Prices Increase By Rs 3,400 Per Tola Owing To Ukraine Conflict

KARACHI: Gold prices in Pakistan Thursday surged over 2.67% to Rs130,300 per tola

The raise in Gold prices reflect 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 price of the precious commodity rose by Rs3,400 per tola and Rs2,915 per 10 grams to settle at Rs130,300 and Rs111,711, respectively.

A gold dealer said that investors are closely watching developments regarding the Russia-Ukraine crisis.

“Till there is uncertainty, the market will continue to record gains,” he said, adding that when the crisis will end, the prices will plummet.

In the international market, the price rose above the $1,900-mark, recording an increase of $77 per tola to settle at $1,972.