Business
Gold price goes down with rupee's recovery
The latest reports say that the price of per tola Gold slipped under Rs200,000 and subsequently, the investors tuned away from the yellow metal.
Karachi: Gold prices came down as the local currency gained value against the US dollar in the local markets on Monday.
The latest reports say that the price of per tola Gold slipped under Rs200,000 and subsequently, the investors tuned away from the yellow metal.
All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) confirmed that the price of gold (24 carats) fell by Rs2,000 per tola and Rs1,715 per 10 grams to settle at Rs198,000 and Rs169,753, respectively.
The week ended on March 4 witnessed the price of yellow metal falling Rs8,500 per tola in three trading sessions which was more than the amount it cumulatively gained Rs5,900, or 3.03% per tola.
Earlier this year on January 30, gold per tola price went all time high of 210,500 per tola but later it started coming down after the rupee recovered on hopes of revival of the $6.5 billion International Monetary Fund (IMF) bailout programme..
-
Pakistan 10 hours ago
Joint session of Parliament: Zardari's address, opposition protests
-
Pakistan 2 days ago
LHC disposes of appeal of Imran Khan's security in jail
-
Pakistan 2 days ago
PM Shehbaz Sharif meets Saudi Foreign Minister
-
Pakistan 2 days ago
Cypher Case: Hearing on appeals against Imran, Shah sentence today
-
Pakistan 1 day ago
Nawaz Sharif gets clean chit in Tosha Khana vehicles reference
-
Pakistan 1 day ago
By-elections: Two exams of intermediate postponed
-
Pakistan 2 days ago
Faizabad Dharna Inquiry Commission gives clean chit to Faiz Hameed
-
Pakistan 1 day ago
Court postpones hearing on May 7 on Toshakhana reference