Gold prices in Pakistan Wednesday touched new peaks as the rupee routagainst the US dollar entered the third day in the interbank market.
The price of gold rose by Rs250 per tola and Rs214 per 10 grams to settleat an all-time high of Rs164,150 and Rs140,732, data released by AllPakistan Sarafa Gems and Jewellers Association (APSGJA) showed.
Meanwhile, silver prices also reached all time high in the domestic marketas its prices surged by Rs80 per tola and Rs68.59 per 10 grams to settle atRs1,860 and Rs1,594.65.
On December 5, the yellow metal touched a record high of Rs164,000 per tolain the local market as the stability of the Pakistan rupee against the USdollar shifted investors’ focus towards a safe-haven asset.
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The association mentioned that although gold hit an all-time high inPakistan, its price still stood below cost. Gold is cheaper by Rs3,000 pertola compared to its price in Dubai.
In the international market, Gold price registered a meagre decline of $1per ounce settling at $1,774
