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Articles for tag: gold, gold price, high, Latest, ME crisis, onemonth, Soars

November 5, 2023

News Desk

Gold soars to one-month high

KARACHI: As tensions escalate in the Middle East, rising gold prices are capturing the attention of investors worried about the war’s knock-on effects on global markets. Many choose to park their savings in the safe haven of gold to protect against currency depreciation in their respective countries. In Pakistan, the price of the precious metal hit a one-month high of Rs 214,600 per tola (11.66 grams) on Saturday, in line with the global trend. The continued depreciation of the rupee also contributed to the rise in the value of gold. Gold has seen a remarkable comeback, rising nearly 9% or

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