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.
Dar arrives in Beijing for key visit amid regional tensions
- 8 hours ago
Kashmir crisis could spark nuclear war, warns UK foreign affairs committee
- 6 hours ago
Fazlur Rehman threatens street protests over underage marriage legislation
- 4 hours ago
Final Destination: Bloodlines’ scores franchise-best $43m opening
- 8 hours ago
PM’s Youth Laptop Scheme: Registration extended until June 1
- 7 hours ago
Tarbela Dam sees surge in water inflow amid glacier melting and rainfall
- 7 hours ago
Three BLF terrorists killed in Balochistan operations: ISPR
- 4 hours ago
Karachi Kings opt to field first against Islamabad United
- 4 hours ago
Heatwave alert: Temperatures to remain high across Pakistan until May 24
- 4 hours ago
Pakistan denounces Indian media’s false claims of Shaheen Missile use in Operation Bunyan Marsoos
- 8 hours ago
No more copy-paste: Chrome to autofill OTPs on Android
- 4 hours ago
Gaza on brink of famine, says WHO chief
- 7 hours ago
