The increase has been linked to weakening of Pakistan Rupee against greenback
Karachi: Gold continued to extend gains in Pakistan for the second day on Friday as the yellow metal's price jumped by Rs850 per tola.
The Pak rupee continueed to decline against the US dollar.
The All Sindh Sarafa and Jewellers Association (ASSJA)'s data showed that the price of gold rose by Rs850 per tola and Rs728 per 10 grams to settle at Rs151,700.
The yellow metal had scaled record in July. Prices have since moved into a steadier range as the market digested a more hawkish outlook from the depreciating rupee and falling markets.
Investors were seen buying gold because the government and the central bank are trying to reduce the rupee-dollar parity.
The gold price of decreased by $4 per ounce to settle at $1,721 in the international market.
Watch how Apple 3D prints Watches by blasting powdered titanium with lasers
- 8 گھنٹے قبل
Why we’re going to keep talking about the Trump phone
- 8 گھنٹے قبل
Game blouses: Bears use 'Chappelle's Show' Prince bit to troll Vikings, top Week 11's petty posts
- 7 گھنٹے قبل
The SEC offered a dose of playoff football in Week 12
- 7 گھنٹے قبل
Buy now, pay later is more dangerous than ever
- 6 گھنٹے قبل
This viral AI pen didn’t help me cheat
- 8 گھنٹے قبل
Screw it, I’m installing Linux
- 8 گھنٹے قبل
Jets' Boyd in critical condition after being shot
- 7 گھنٹے قبل
Grant breezes to 2nd LPGA title at The Annika
- 7 گھنٹے قبل
The Echo Aviation Controller puts a flight simulator in your hands
- 8 گھنٹے قبل
Apple’s custom Wi-Fi chip gives the iPhone 17 a notable boost, according to speed tests
- 8 گھنٹے قبل
Russo belongs at No. 9 if Arsenal hope to revive their UWCL campaign
- 7 گھنٹے قبل
