Gold price falls on rupee's recovery
Gold rate slipped under Rs. 200,000 per tola on Monday as the Pakistan rupee continued to recover against the dollar for the third straight session. The price of gold (24 carats) f
Alina Hashmi
Gold rate slipped under Rs. 200,000 per tola on Monday as the Pakistan rupee continued to recover against the dollar for the third straight session. The price of gold (24 carats) fell by Rs. 2,000 per tola and Rs. 1,715 per 10 grams to settle at Rs. 198,000 and Rs. 169,753, respectively, data from the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed. The substantial decrease in the price of gold came after the rupee recovered by 0.19%, against the US dollar to close at 277.92 in the interbank market.
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Alina Hashmi
JournalistStaff correspondent covering Business and national affairs for Pakistan Times Today.
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