Gold prices in Pakistan have surged to an all-time high after the rupee registered significant losses against the dollar as the country struggles in securing external financing.
According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) on Monday, the price of gold (24 carats) soared by Rs3,100 per tola and Rs2,656 per 10 grammes to settle at Rs217,700 and Rs186,643.
The yellow metal’s jump was in line with the rupee movement — which plunged fell 2.44 or 0.85% against the US dollar in the interbank market — and an increase in the weekly inflation.
