Gold Wednesday shot up to all-time high of Rs72, 200 per tola at the local market. Traders attributed the historic hike to the rupee depreciation against the dollar. The yellow metal was traded for Rs61,900 per 10 grams after the international market closed on $1,294 per ounce. The gold prices witnessed an increase of Rs1,000 per tola in a single-day trading to reach all-time high at the local market, traders said.

Silver is now selling for Rs900 per tola and Rs771 per 10 grams as the global market closed its trade at $15.17 per ounce. "Today the gold rates are all-time high in Pakistan," according to gold trader Haji Haroon.

Copyright Business Recorder, 2019