Gold price increases to record high of Rs93,500 per tola

ISLAMABAD (92 News) – The gold prices have increased to record high of Rs93,500 after gaining an increase of Rs920 per tola in a day. After an increase of US$17 per ounce in the international market, the gold rate has increased to US$1,637 per ounce. Gold prices hit their highest in seven years as investors sought safe-haven assets after a rise in the number of new coronavirus cases in South Korea. Oil prices rose, supported by China’s efforts to bolster its virus-weakened economy. The dollar has surged almost 2% since Tuesday against the yen, reaching its highest in almost 10 months, and the greenback climbed to near three-year highs against the euro.