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Gold price hikes by Rs2,500 per tola

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With soaring inflation in Pakistan, the gold price has once again jumped by Rs2,500 per tola to Rs122,200. The inflationary days have caught investors’ attention as in the local bullion market, the price of 10 grams gold is Rs2,144 to reach Rs122,200 per tola and Rs104,767 per 10 grams.

According to AA Commodities Director Adnan Agar, gold is gaining more attention due to the uptrend – more than the coal and oil in the global market. Agar said, “Inflation is always a favorable scenario for gold.”

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