Gold Price Skyrocketed to Rs. 26,356.90 in Pakistan: 05 Sep 09

Price of gold in Pakistan is at a super high level of Rs. 26,356.90. We have seen the gold price crossing the 26000 mark few times in the past few months, but I haven’t seen the price higher than what it is today.

Yesterday, the price of gold in Pakistan was Rs. 26,249.35.

Is it a good time to invest your money in Gold in Pakistan?

I personally will say: obviously No. This actually is a good time to sell gold if you have any. This price is likely to come down sooner or later.

1. Currency Rate: State Bank of Pakistan: 5 May 10
2. State Bank’s Currency rates from 3 to 14 Nov, 09
3. US Dollar [in Inter-Bank] at a New Highest Ever Rate in Pakistan
4. Gold rate reached Highest Ever level in Pakistan
5. Gold Price above $1000 in USA gold market: 7 Sep 09