KARACHI: The per tola gold rate on Saturday documented an increase of Rs1300 in the domestic market, ARY News reported.
Permitting to all Pakistan Jewellers Manufacturers Association (APJMA), the per tola gold rate flown by Rs1300 to settle at Rs159,600 in the domestic market.
The per tola gold rate on Thursday move up to an all-time high of Rs160,400.
Also Read: Gold Rates Per Tola Increased by Rs900
Gold dealers said the enormous depreciation in the rupee value in contradiction of the dollar is one of the main reasons for pushing up the yellow metal rates.
Rupee freefall:
The rupee’s freefall sustained on early Friday in contradiction of the US dollar in the interbank, conversely, it reversed the losses in the second half amid reports that COAS Qamar Bajwa has approached US for playing a role in direct release of a US$1.2 billion tranche.
Conferring to the State Bank of Pakistan (SBP), the rupee rose by Rs0.57 in the interbank and traded at Rs239.37.