Gold price in Pakistan jumps to an all-time high of Rs214,500 per tola!
Tuesday saw the gold price in the country soar to an all-time high at Rs214,500 per tola (11.66 grams) after the rupee fell to a historic low against the US dollar in the interbank trade.
The local currency plunged to an all-time low of Rs287.29 against the US dollar in the interbank market.
According to All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data, the price of gold (24 carats) soared by Rs5,000 per tola and Rs4,288 per 10 grams to settle at Rs214,500 and Rs183,900.
On the other hand, silver prices in the domestic market jumped to an all-time high of Rs2,450 per tola and Rs2,100.48 per 10 grams after an increase of Rs100 per tola and Rs85.74 per 10 grams, respectively.
In the international market, the yellow metal gained $12 per ounce to settle at $1,982.
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