Gold price extends gains in Pakistan

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Islamabad: Gold price extended gains on Monday as investors whipped towards the safe-haven metal amid bleak economic data, debilitated currency, and shaky pace of growth. Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed the price of gold surged by Rs950 per tola and Rs814 per 10 grams to settle at Rs188,150 and Rs161,308. The yellow metal touched a record high of Rs188,600 per tola in the local market on January 4 as the stability of the Pakistan rupee against the US dollar shifted investors’ focus towards a safe-haven asset. Our Correspondent