SAMAA - Gold losing the uncertainty gloss in Pakistan : vima

SAMAA - Gold losing the uncertainty gloss in Pakistan


Gold losing the uncertainty gloss in Pakistan
Its per tola price has dropped to Rs107,200
SAMAA |
Bilal Hussain - Posted: Mar 2, 2021 | Last Updated: 1 month ago
SAMAA |
Bilal Hussain
Posted: Mar 2, 2021 | Last Updated: 1 month ago
The gold price dropped by Rs1,050 in Pakistan on Tuesday, according to rates shared by the All Sindh Saraf Jewelers Association. A tola now costs Rs107,200.
It has gradually been falling as several vaccines against the novel coronavirus have emerged. The vaccination process has begun in many countries, including the US.
Prices of gold and other precious metals increase during uncertain times such as wars and disasters as these are considered safe havens for investment. Their prices fall when stable times are expected ahead. Investors turn to gold when things don’t look in favor of the economy and stocks. The same happened during the Covid-19 pandemic.

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