One Tola Gold Reaches All-Time High Of Rs148,300.

Prices of 10-gram and one-tola gold reached an all-time high of Rs127,143 and Rs148,300 in the local market on Monday, showing a jump of Rs1,714 and Rs2,000 respectively.

Rates issued by the All Sindh Saraf Jewelers Association (ASSJA) mentioned a rise of only $2 per ounce to $1,730. But the domestic rates have been adjusted upwards owing to a record fall in the rupee's value against the dollar, which traded at Rs229.88 in the interbank market on Monday.

On January 1, 2022, prices of 24-karat 10-gram and one-tola gold were Rs108,196 and Rs126,200, respectively, based on the world bullion rate of $1,830 per ounce. One dollar at the time was equal to Rs177.

Gold traders have threatened to close down their businesses and stage a sit-in following the government's decision to impose a fixed income and sales tax of Rs40,000 on those retailers that have shops of 300 square feet or less irrespective of...