Gold prices rise drastically in Pakistan

Gold prices rise drastically in Pakistan
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KARACHI – The price of gold has been increased by Rs 2000 per tola after the rumors of change in currency notes in Pakistan.

The new gold price would be Rs58300 per tola after an increase of Rs2000 while 10g gold would be available in Rs49983 with an increase of Rs1715.

In the International market, the gold price would be $1,212.01 per ounce.

Yellow metal price remained in the hands of manipulators in India, Pakistan and other major gold buying countries, as they remained busy influencing current prices and futures on speculations. The potential buyers in India and Pakistan remained busy in hedging.

Buyers made deals according to their immediate needs. Local trading in gold remained dull on back of insignificant buying.

Economy