Gold hits record Rs261,000 per tola

KARACHI: Despite the challenging economic conditions, local gold rates continued their record-breaking spree, hitting a new peak of Rs261,000 per tola after adding Rs300 from Tuesday.

Similarly, the 10-gram rate also settled at an all-time high of Rs223,765, showing a jump of Rs257.

Surprisingly, the All Sindh Saraf and Jewellers Association (ASSJA) has issued higher domestic rates despite no upswing in the world gold rates, which stayed at $2,512 per ounce. At the same time, rupee-dollar...