Gold price hits all-time high of Rs164,150 per tola in Pakistan
The gold price in Pakistan reached an all-time high after gaining Rs250 per tola to Rs164,150 on Wednesday, according to the data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
The price of gold has reached an all-time high, despite the decrease of $1 in the global market to $1774 per ounce.
The price of gold rose by Rs250 per tola and Rs214 per 10 grams to settle at an all-time high of Rs164,150 and Rs140,732, data released by APSGJA showed.
Meanwhile, silver prices in the domestic market surged by Rs80 per tola and Rs68.59 per 10 grams to settle at Rs1,860 and Rs1,594.65.
President All Sindh Sarafa and Jewelers Association (ASSJA) Haji Haroon Rasheed said that the hike in gold prices were due to exchange rate fluctuations.
He said due to high gold rates the jewellery sales remained depressed amid the ongoing peak marriage season.
