Gold Price Touches All Time High of Rs 134,400 in Pakistan

On Tuesday, gold prices in Pakistan rose to 134,400 rupees a tonne as currency depreciation overshadowed pressure from riskier assets to safe havens.

According to the All Sindh Saraf and Jewelers Association (ASSJA), with a further increase of 1,400 rupees per tola and 1,200 rupees per 10 grams, gold stood at 134,400 rupees and 115,226 rupees, respectively.

Investors buy gold as a barrier against the depreciation of their respective national currency on days of inflation.