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.
Oldest marathon runner Fauja Singh dies at 114 in hit-and-run
- 3 hours ago
PTI founder receiving full class-b jail facilities, says Jail Superintendent
- 8 hours ago
OGRA reduces RLNG prices for July
- 8 hours ago
Severe heatwave claims 1,180 lives in Spain in two months
- 8 hours ago
Rescue underway after boat capsizes in Indonesia
- 6 hours ago
Divided court clears way for Trump to cut education department jobs
- 5 hours ago
TCP revises sugar import tender amid IMF concerns
- 8 hours ago
Indonesia lauds Pakistan’s counter-terrorism efforts
- 4 hours ago
Actor Humaira Asghar contacted 14 people in last phone calls on Oct 7: police
- 8 hours ago
Zardari, Shehbaz discuss country’s political, security, economic situation
- 4 hours ago
FIA arrests human smuggling suspect in Karachi
- 5 hours ago
Gold falls by Rs700 per tola as global rates drop
- 6 hours ago
