KARACHI – Gold prices witnessed upward trend in the domestic market on first day of the business week, Monday, as rupee weakened against the US dollar in the interbank and open markets amid delay in revival of the IMF loan programme.
The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data shows the price of gold (24 carats) increased by Rs500 per tola and Rs428 per 10 grams to reach Rs199,200 and Rs170,782, respectively.
In the international market, the price of the precious metal surged by $20 to reach $1,886.
The Pakistani rupee depreciated by 0.30% against the US dollar in the interbank market, settling at 281.61 as compared to Friday’s Rs280.77.
