KARACHI: The price of gold has reached to all time high at Rs132,000 per Tola in the local market, traders said on Friday.
The traders said that the price of one tola gold increased by Rs2500 to reach all time high of Rs132,000. One toal is measured at 1 kilogram is equal to 80 tola.
The price of gold for 10 grams also increased by Rs2144 to reach at Rs113,169 according to Sarafa Bazar Karachi.
The traders attributed the hike in price to increase in international price of bullion. In international market the gold increased by $4 to reach at $2054 per ounce.
The traders said that in the local market people were investing in the gold.