Gold Price Hits New High In Pakistan
Gold rate touched an all-time high of Rs 160,400 per tola, a jump of Rs 8,500.
According to the All Pakistan Jewelery Manufacturers Association (APJMA), the rate of 10 grams also climbed by Rs 7,245 to Rs 137,517.
Gold dealers said the massive depreciation of the rupee against the dollar was one of the main reasons for the rise in the rates of the yellow metal.
Rupee Falls To Record Low:
The upward trajectory of the US dollar continued unabated on Thursday as the greenback traded at Rs 239.94 against the rupee as the government failed to pacify importers due to dollar inflows in the country.