Gold touches highs; shoppers revert to artificial jewelry
KARACHI: Gold is touching record highs in the local market, after its price reached its highest in international market, pushing the shopping down by 50 percent, Geo News reported Sunday.
All Sindh Sarraf Jewelers Association President Haroon Chand told Geo News that gold prices perched at $1048.90 per ounce down $6; while, the gold soared to Rs27,857 per 10 grams.
World investors are taking more interest in buying the commodities as the dollar depreciated in international market.
Meantime, the women are forced to buy the artificial jewelry as the gold is beyond their reach.
Haroon Chand said the gold price may further surge owing to the world demand for the commodity.