KARACHI: Gold price increased by a record Rs1,150 to cross the Rs90,000-mark in the local market on Wednesday, according to media reports.
According to details, gold price rose by Rs1,150 to Rs90,150/ tola – its all-time high in the country. Similarly, price of 10 grams of gold increased by Rs986 to Rs77,289.
Reuters adds: Gold in the global market held close to a more than six-year high on Wednesday, after rising more than 1% in the previous session, as fears of a possible recession and the trade conflict between China and the United States drove investors to safe haven assets.
Spot gold was flat at $1,542.33 per ounce as of 1222 GMT. On Monday it touched $1,554.56, its highest since April 2013.
