Tuesday June 07, 2022

Gold Price Continues To Witness Surge

KARACHI: Gold extended its rally towards a record high on Tuesday, after investors made a beeline for the traditional safe-haven metal on mounting fears around the inflation, with eyes on the upcoming federal budget for the next fiscal year 2022-23.

Meanwhile, worries over the continuous depreciation of the Pakistani rupee against the US dollar and further monetary policy tightening kept the price of the yellow metal near all-time highs.

According to rates issued by the All Sindh Sarafa Association, the gold price settled at Rs143,250 per tola. The price jumped by Rs1,072 per 10-gram to close at Rs122,814

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