The purpose of closing the gold market was to control the price of gold.
Karachi: The gold market across Pakistan will resume its operations on Friday after being closed for five days.
This was announced by the president of the Gems and Jewelers Association of Pakistan Haji Haroon Chand while talking to media on Tuesday.
According to him, sensitive institutions would be consulted before digitizing the gold trading.
He said that private entities have the information and images of the traders who participated in the intentional manipulation of gold prices.
He warned the gold market traders that there would be a crackdown on those who have been betting on the gold prices which have reached Rs2,30,000 per tola in Peshawar and Lahore.
Additionally, he claimed that he had given key institutions assurances that future gold price speculation would not take place, urging the government to permit gold imports.
He said that the purpose of closing the gold market was to control the price of gold.
Why Trump’s latest threat against Iran could be a war crime
- ایک دن قبل
PM holds phone call with Pezeshkian, Iranian President confirms participation in Islamabad talks
- 16 گھنٹے قبل
How climate science is sneakily getting funded under Trump
- ایک دن قبل
Ceasefire agreed:PM Shehbaz invites US and Iranian delegations to Islamabad for talks
- 16 گھنٹے قبل
Diplomatic win for Pakistan as US–Iran conflict pauses with conditional truce
- 17 گھنٹے قبل
Is the Iran war turning into Trump’s Iraq?
- 2 گھنٹے قبل
‘‘A big day for global peace’’, Says Donald Trump after Iran US ceasefire
- 16 گھنٹے قبل
Anker’s small, five-port travel adapter is down to its best price yet
- 4 گھنٹے قبل
Anthropic is launching a new AI model for cybersecurity
- 4 گھنٹے قبل
Pam Bondi’s ouster makes Trump’s Justice Department even more dangerous
- ایک دن قبل
Field Marshal Asim Munir hold call with Abbas Araghchi, praises Pakistan’s role in ceasefire
- 11 گھنٹے قبل
Flames of war dimmed in the Middle East: Pakistan leads peace efforts,says PM Shebaz
- 12 گھنٹے قبل
