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.
Ronaldo marks 40th birthday, shares views on Messi and his legacy
- 33 minutes ago
COAS reaffirms Pakistan’s commitment to Kashmir cause on solidarity day
- 2 hours ago
US sends 104 deported Indian immigrants back via military aircraft
- an hour ago
Australia bans DeepSeek on govt devices over ‘privacy and security’ concerns
- 4 hours ago
Zardari, Xi discuss strengthening Pakistan-China ties in Beijing
- 4 hours ago
Is Love in the air? Mawra Hocane and Ameer Gilani fuel wedding rumors
- 3 hours ago
Trump calls for ‘verified nuclear peace agreement’ with Iran amid tensions
- 2 minutes ago
Hamas rejects Trump’s Gaza occupation proposal, vows to resist
- 3 hours ago
Google updates AI principles, drops vows against weapons and surveillance use
- 3 hours ago
CIA sub-inspector killed by Lahore police after fleeing stop attempt
- 2 hours ago
First case registered under Anti-Rape Act against woman for false allegation
- 19 minutes ago
Gold and silver prices surge to unprecedented levels
- an hour ago
