KARACHI: The one-tola gold price reached an all-time high on Saturday to Rs260,200, breaking the previous record of Rs257,700 on Aug 13, showing a jump of Rs2,500 per tola from Friday.

Similarly, the 10-gram rate swelled to a new peak of Rs223,080 with a rise of Rs2,144, smashing the previous high of Rs220,936.

The main reason behind the push in local rates was a $46 per ounce rise in world gold rates to $2,507 compared to Friday, according to the All Pakistan Gem and Jewellers Association (APGJA).

According to Tresmark, gold has had an extended record run as broad market........

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