*KARACHI: The per tola gold rate on Thursday climbed to an all-time high ofRs160,400, showing a jump of Rs8,500. *
According to all Pakistan Jewellers Manufacturers Association (APJMA), the10-gram rate also soared by Rs7,245 to Rs137,517.
Gold dealers said the massive depreciation in the rupee value against thedollar is one of the main reasons for pushing up the yellow metal rates.*Rupee plunges to record low*
The US dollar’s upward trajectory continued unabated on Thursday as thegreenback traded at Rs239.94 against the rupee as government fails topacify the importers over dollar inflow in the country.
Read Top Stories
The dollar continued to gain value amid political uncertainty and fate offederal government and IMF deal after the election of CM Punjab ParvezElahi and rose by Rs3.92 in the interbank today to trade at Rs239.94.
