KARACHI – The gold prices drastically reduced down on Saturday. The priceof 10 grams of gold dipped by Rs 2,850.
The rupee has gained against US dollar following the July 25 elections.
On Saturday, the Greenback lost Rs 4 in the open market trading. The priceof 10 grams of gold declined by Rs 2,850.
The currency exchange market seems to have favoured the results of the July25 general elections. The Exchange Currency Association general secretaryZafar Paracha said the value of US dollar had come down from Rs 128 onFriday to Rs 124 on Saturday.
Forex Association president Malik Bostan said several exchange companieshad stopped purchasing US dollar having exhausted their rupee reserves.