Gold prices hit record high, break all records
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Gold prices have soared to a record high, as 24-carat breaking all previous records reached an all-time high at Rs133,500 per tola beating all previous records, reported 24NewsHD TV channel.
The gold demand rises at times when stocks have slumped.
The 22-carat gold per tola reached Rs122,375 while 21-carat gold price per tola reached Rs116,812.
On the other hand, 10-gram silver with an increase of Rs25 reached Rs1525.
Gold has always been a safe haven and insurance against risks and the risk of continued high inflation looks positive for gold investors in the market.
Reporter Shehzad Khan