KARACHI: Gold prices in Pakistan skyrocketed on Monday as a softer rupee and concerns regarding inflation lifted the demand for the safe-haven asset.
Gold prices in the local bullion market soared by Rs2,800 per tola and Rs2,400 per 10 gram today to reach Rs142,000 and Rs121,742, respectively, amid the depreciation of the rupee against the US dollar — that surpassed the Rs200 mark once again.
The precious commodity closed at Rs139,200 per tola and Rs119,342 per 10 grams on Saturday.
