The yellow metal follows US dollar that also lost Rs4.7 against local currency
Karachi: Thursday was the day of bit respite for the people of Pakistan as the gold prices plunged more than Rs4,000 per tola and Pakistan rupee strengthened against the US dollar.
According to Sindh Sarafa Bazar Jewelers Association, the price of gold per tola decreased by Rs4,600, after which the price per tola stood at Rs140,700.
Similarly, the price of 10 grams of gold came down by Rs3,943 to Rs120.628 per tola.
The Pakistani rupee appreciated by Rs4.7 on Thursday morning in the interbank market, a day after Finance Minister Miftah Ismail announced a $2.3 billion loan agreement with a Chinese banks consortium.
According to State Bank of Pakistan, the US dollar closed at Rs207.23 in the interbank market. The previous day's close was Rs211.93 against the greenback, according to the State Bank of Pakistan (SBP).
After losing 5.39% in last nine sessions, Pakistani rupee recovered 2.27% day-on-day against the US dollar.
Former Russian Deputy Defense Minister sentenced to prison for corruption
- an hour ago
Japan records hottest June in its history this year
- 3 hours ago
Faisalabad police arrest driver and accomplice for harassing university student
- an hour ago
Polio campaign extended to age 15 amid new cases in older children
- 6 hours ago
Trump says will ‘take a look’ at deporting Musk
- 4 hours ago
Pakistan's Sadia Iqbal retains top spot in ICC Women's T20 bowler rankings
- 4 hours ago
Musk proposes new political party, targets lawmakers over Trump-backed spending bill
- 4 hours ago
US officially ends sanctions program on Syria
- 6 hours ago
Federal Govt decides to shut down utility stores from July 10
- 3 hours ago
KSE-100 index surges past 127,000 points
- 7 hours ago
Sindh govt declares July 5-6 public holidays for Youm-e-Ashura
- 5 hours ago
Govt upholds decision to import 500,000 tons of sugar
- 3 hours ago
