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Home Business Gold loses shine in Pakistan as rupee appreciates against dollar

Gold loses shine in Pakistan as rupee appreciates against dollar

The price of 10 grammes of 24 karat gold also decreased by Rs2,229 to Rs179,527.

by NWMNewsDesk
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With the rupee making against the US dollar the per tola price of 24 karat gold decreased by Rs2,600 and was sold at Rs209,400 on Monday compared to its sale at Rs212,000 on the last day of the outgoing week.

The price of 10 grammes of 24 karat gold also decreased by Rs2,229 to Rs179,527 from Rs181,756 whereas the price of 10 grammes 22 karat gold went down to Rs165,544 from Rs166,610, according to the All Sindh Sarafa Jewellers Association.

The price of per tola decreased by Rs50 to Rs2,500 whereas that of 10 grammes silver went down by Rs42.87 to Rs2,143.34.

The price of gold in the international market increased by $7 to $1,926 from $1,919, the association reported.

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Earlier today, the Pakistani rupee massively recovered against the US dollar in the open market during intraday trade owing to the crackdown initiated by the government against currency smugglers, hoarders and black marketers.

The greenback was trading below the Rs300 mark in the open market on Monday as the local currency recovered over Rs4 in a single da

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