*KARACHI: Gold price hit an all-time high in Pakistan, surpassing Rs150,000per tola for the first time partly due to the depreciating local currency.*
According to all Pakistan Jewellers Manufacturers Association (APJMA), theper tola price of gold price increased by Rs2,500 in the local market tosettle at 152,000, reaching an all-time high.
Similarly, the price of 10 grams of gold increased by Rs2,143 to anall-time high of Rs130,315 in the domestic market.*Rupee freefall continues *
The unabated rise in US dollar against the rupee on Wednesday continued asthe greenback reached historic high in the interbank.
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According to forex dealers, the US dollar increased by Rs3.09 against rupeein the interbank and closed at Rs236.02. In open market, the greenbacktraded between Rs238 and Rs239.
