The yellow metal regained its shine last week owing to fluctuations in rupee-dollar parity
Karachi: The gold price in Pakistan crossed important threshold of Rs148,000 per tola on Monday in line with the price movement in the global market.
According to data of the All Sindh Sarafa Association, the price of gold surged by Rs2,400 per tola and Rs2,258 per 10 grams to settle at Rs148,100 and 126,972.
The yellow metal regained its shine last week due to fluctuations in rupee-dollar parity. Cumulatively, the price of yellow metal soared by Rs9,100 per tola in the last four sessions (Thursday-Monday).
The gold prices held above the key $1,700 per ounce level in the international market on Monday, as hopes that the Federal Reserve might slow the pace of rate hikes after mixed US jobs data helped offset pressure from a robust dollar.
PM Shehbaz embarks on two-day Azerbaijan visit
- 12 hours ago
UK to unveil 'largest sanctions package' against Russia to halt war effort
- 11 hours ago
Alabama has minimal margin for error -- and knows it
- 14 hours ago
Pakistan sets 241-run target for India after early setbacks
- 12 hours ago
Security forces kill 7 khawarij terrorists in KP operations
- 10 hours ago
Trump’s job cuts at this overlooked agency put every American at risk
- 15 hours ago
Germans vote amid rising far-right influence and conservative resurgence
- 15 hours ago
Tiger laughs off TGL gaffe: 'That was embarrassing'
- 35 minutes ago
Is ignorance truly bliss?
- 15 hours ago
WhatsApp to launch widget for direct conversations with Meta AI
- 14 hours ago
Instagram DMs get major upgrade with pinning, music sharing, and scheduling
- 11 hours ago
US approves $397m for Pakistan's F-16 counterterrorism monitoring
- 13 hours ago
