Gold touches historic highs

The gold prices jumped another record historic high of 48,875 by Rs 1843 per 10 grams in the local market on Monday compared to previous day’s 47,014 per grams.

“The rise in prices of local bullion market is due to international market’s volatile situation,” said a bullion dealer in the main ‘Sarafa bazar’ here on Tuesday.

According to Karachi Sarafa Association, bullion’s tola (11.664 grams) price also escalated by Rs 2,150 to Rs 57,000.