KARACHI – Gold registered downward trend in the domestic market after awhooping increase a day ago as Pakistan rupee gained ground against the USdollar in interbank market.
The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data showsthe price of gold (24 carats) moved up by Rs4,900 per tola and Rs4,200 per10 grams to reach Rs201,600 and Rs172,840, respectively.
In the international market, the per ounce price of gold decreased by $13to reach $1,849.
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The Pakistani rupee recovered 2.36% against the US dollar in the interbankmarket, settling at 278.46 as compared to yesterday’s Rs285.09.
