KARACHI – Gold prices in domestic market continued upward trend onWednesday as rupee lost ground against the US dollar in the inter-bankmarket.
All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data shows theprice of gold (24 carats) increased by Rs2,700 per tola and Rs2,315 per 10grams to settle at Rs197,100 and Rs168,981, respectively.
Cumulatively, the yellow metal gained Rs3,000 per tola in the last twosessions recovering from the previous loses. The per tola price witnessedan increase of Rs300 on Tuesday.
In the international market, the per ounce price of gold went up by $27 toreach $1,837.
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The Pakistani rupee lost 1.73% against the US dollar in the interbankmarket, settling at 266.11 as compared to yesterday’s Rs261.50.
