KARACHI: The price of gold has reached to all time high at Rs82,000 per Tola in the local market, traders said on Thursday.
The traders said that the price of one tola gold increased by Rs1700 to reach all time high of Rs82,000. One toal is measured at 1 kilogram is equal to 80 tola.
The price of gold for 10 grams also increased by Rs1458 to reach at Rs70,302, 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 $24 to reach at $1420 per ounce.
The traders said that in the local market people were investing in the gold due to strict monitoring of foreign currency and dull activity in stock market.