Brand Updates & Reviews

Gold rate in Pakistan reaches Rs122,750 a tola

Gold rates in Pakistan continued their rally for the 12th day straight on Friday, crossing the Rs122,000-a-tola mark to reach Rs122,750.

Investors have continuously poured money into gold for days in a row now, boosting its demand, as confidence in other commodities, currencies, and stocks faltered due to the coronavirus pandemic.

According to the All Sindh Sarafa and Jewellers Association (ASSJA), gold rates shot up Rs250 a tola (11.66 grammes), while the price of 10 grammes rose Rs214 to Rs105,238.

Moreover, gold rates in international markets shot up $25 an ounce to almost $1,955.

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