Business

LAHORE – The price of gold has been increased in Pakistan after the US dollar closed on the all-time high of Rs128, up Rs6.45, in the interbank market on Monday.

The new gold price would be Rs59,650 after an increase of Rs 850 while 10g gold would be available in Rs51,140 with an increase of Rs759.

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.