Uncertain political situation is said to be the motive for increase in gold price
Karachi: Gold price continued to soar in the local bullion markets of Pakistan on Wednesday amid political worries and weakening of the Pakistani rupee.
The price of the precious metal jumped by Rs1,800 per tola and Rs1,542 per 10 grams to settle at Rs150,200 and Rs128,772 respectively, data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed.
Cumulatively, the yellow metal has gained Rs3,800 per tola during the last two sessions.
In the international market, the price of the yellow metal surged by $24 per ounce settling at $1,668 as the dollar and bond yields weakened amid expectations that the US Federal Reserve could slow its rapid pace of interest rate hikes.
No shortage of life-saving medicines in country, NA told
- 11 hours ago
PMDC announces MDCAT 2025 exam date
- 12 hours ago
Punjab extends schools' summer vacation
- 5 hours ago
Gold prices rise in global and local markets
- 12 hours ago
Fire-triggered factory building collapse in Karachi leaves seven wounded
- 10 hours ago
Turkish women recreate ancient 3,500-year-old bread
- 11 hours ago
PDMA predicts more rains in Punjab
- 9 hours ago
Fresh respite for citizens as govt approves reduction in electricity price
- 9 hours ago
$38mn worth of narcotics captured off Pasni coast
- 7 hours ago
Police constable accused of illegally occupying widow’s plot in Sargodha
- 11 hours ago
Trump-Putin meeting agreed for ‘coming days’, venue set: Kremlin
- 5 hours ago
PCB suspends cricketer Haider Ali amid criminal probe in Manchester
- 5 hours ago
