Gold prices continued their uphill journey and hit a record high on Thursday, driven by global prices.
Prices per tola (11.7 grams) of the precious metal rose to Rs57,800 on Thursday, toppling Tuesday’s record price of Rs57,000 per tola while the price per 10 grams rose to Rs49,542 compared to Tuesday’s Rs48,875 per 10 grams
Gold prices have hit new peaks ten times in the last 32 days on the back of surging global prices.
In the international market, gold climbed to a third record in a row over $1,800 an ounce on Wednesday, extending its biggest rally since 2008 as a dive in French bank stocks sent new shudders through anxious financial market.
Published in The Express Tribune, August 12th, 2011.
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