Gold Prices have again hiked more 2% this Monday to their highest level. This is because coronavirus cases spike in several countries outside China and this has deepened worries about a hit to the economic growth around the globe.
The gold rate per tola rose to Rs.96,300 which is the highest so far and was a sharp jump of Rs.2,000. This is the fourth time during 2020 that gold prices have broken previous records.
Country’s gold sector has also been attracting investment. A jeweler also stated that this is happening because a lot of stockers had been purchasing gold even during the trade issues caused after the coronavirus.
However, prices in the local market remained Rs.1500/tola lower than the Dubai Gold Market.