Gold prices in Pakistan on Monday increased in new record heights, with investors Seaggat Safe Haven benefits as assets during global economic uncertainty in international markets.
In the local market, RS in the price of gold. To reach Rs 5,400 in a single day. According to data from 415,278 per tola, All Pakistan Johrats and Jewelers Surfa Association (APG JSA).
10 grams of gold went up. 356.033, rising RS. 4,629 from the previous session.
The rally also follows a similar trend in global markets, where the spot gold was broken for the first time through $ 3,900-an ounces. At 0208 GMT, after touching the height of $ 3,924.39 in the session, the spot gold was up 0.9 % to $ 3,922.28 an ounce. APG JSA reported the international rate of 9 3.940 ounces, including $ 20 premiums, which increased by $ 54 a day.
Gold prices rose rapidly when the yen weakened and the United States faced government shutdown, which promoted investors to move to safe haven assets. Expectations of a further reduction in interest rates by the Federal Reserve also contributed to the above pace.
Silver prices in Pakistan also increased, which increased the rupee. RS from 53 per tola. 4,949.