Gold price in Pakistan inches towards all-time high.
Islamabad -- The gold price in Pakistan continued inching towards its all-time high as it further jumped by nearly 2% on Monday due to the economic uncertainties brewing as a result of the devastations caused by the catastrophic flash floods.
The price of gold jumped by Rs3,000 per tola and Rs2,572 per 10 grams to reach Rs156,000 and Rs133,745 in Pakistan, respectively.
The rally in gold prices is due to the constant deterioration of the Pakistani rupee's value against the US dollar and soaring inflation in the country.
It should be noted that the rupee has depreciated by over 10% in the current fiscal year 2023 (July 1, 2022, to date) to Rs228.18 against the US dollar...
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