With weakening value of the rupee against dollar, the gold prices in the local market on Thursday hit the all time high levels of Rs 26,050 per tola and Rs 22,328 per 10 grams, traders said.
Despite a decline in the gold price by 9 dollar an ounce in the world market, as quoted at 965.50 dollar an ounce, its rising value in the local market is mainly attributed to the rupee's depreciation. It was previously available at Rs 25, 850 per tola and Rs 22,157 per 10 grams, they added.
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