Karachi: Gold in Pakistan jumped by over PKR1,000 per tola as the rupee depreciated to an all-time low. It was due to the results of Punjab’s by-polls which clouded the political outlook and bolstered the bullion’s safe-haven allure. The precious commodity has emerged as a safe asset in these challenging times of the economic and political crisis.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan, KSA to ink $1bn oil sector agreement

Islamabad: As per the Saudi news channel, Pakistan and Saudi Arabia are…

Israel shekel sinks to lowest since 2016

Israel’s shekel (ILS) hit its weakest level since early 2016 and the…

IMF agrees on talks with Pakistan for ninth tranche

Islamabad: The International Monetary Fund (IMF) agreed on resuming talks with Pakistan…

Pakistan debuts in Chinese market with $250m Panda Bond

Pakistan on Thursday issued its first-ever Panda Bond in China’s onshore capital…