KARACHI: Pakistan gold has become precious day by day and recorded its fresh peak on Tuesday in major cities of Pakistan driven by hike in international gold prices.
In Karachi, Gold prices recorded its new level of prices with an increase of Rs. 2,150 and closed at Rs. 57,000 per tola on Tuesday. The price of 10 grams gold also remained on higher side and recorded at Rs. 48,875 with an increase of Rs. 1,861.
On the other hand, silver price remained unmoved at Rs. 1,071.42 per 10 gram.
The price of London gold 1500-fix witnessed around $ 1736.00.
In international market gold gained more than 3 percent on Tuesday, roaring to all-time highs for a second consecutive session to stand above $1,770 as equity markets dived on growing fears of a global recession following last week's U.S. credit downgrade.
Speculators resisted the temptation to cash in on gold's rise as the global economy edged closer to calamity after investors fled riskier assets on fears that political leaders are unable to tackle debt crises in Europe and the United States.
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