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.
The psychology behind Trump’s obsession with DC renovations
- 5 hours ago
Pakistan downs eight drones launched from Afghan side: security sources
- 21 hours ago
Pakistan Navy, Coast Guards thwart major smuggling attempt in Balochistan
- a day ago
Trump’s new press ban
- 20 hours ago
Trump's Board of Peace to unveil $2.45bn Gaza recovery plan, reports
- 18 hours ago
Security researchers used Claude to help them hack into OpenAI
- 7 hours ago
It’s not your imagination — dating has gotten way more combative lately
- 5 hours ago
The quiet campaign to stop Kamala 2028 is growing louder
- a day ago
How to be an AI minimalist
- a day ago
Trump gets a Greenland deal
- 5 hours ago
The uncomfortable truth about aquariums
- 5 hours ago
Does AI need an antitrust exemption so it doesn’t kill everyone????
- 7 hours ago
