Gold price hit six-year high peak, reach Rs.78,100 per tola

Domestic one tola and 10 gram gold prices hit fresh peak of Rs78,100 per tola and Rs66,958 per 10 grams, respectively, as international bullion prices surpassed $1,400 before retreating, still holding near a six-year high on the US central bank’s dovish stance on monetary policy. Locally, gold prices saw a surge of Rs800 per told and Rs686 per 10 grams over Thursday’s rate.

Internationally, prices also found support from worries about a potential US military strike against Iran and a global trade conflict.

Source: Dawn