In Pakistan: Gold bounces back after multi-session decline

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Gold ended its seven-session losing streak on Tuesday despite the rupee’s continued appreciation against the US dollar at the interbank level.

24-karat gold rose by Rs 5,600 per tola and was sold at Rs 215,000 today against Rs 209,400 on Monday – the first day of the current week.

According to All Sindh Sarafa Jewellers, the price of 10 grams of 24 karat gold also increased by Rs 5,058 from Rs 1,79,527 to Rs 184,585, while the price of 10 grams of 22 karat gold decreased from Rs 165,544 to Rs 168,967. Association

Meanwhile, the price of 24 carat silver rose by Rs 50 to Rs 2,550 per tola while the price of 10 gram silver rose by Rs 42 87 paise to Rs 2,186.21.

However, the gold price in the international market fell to $1,911 from $1,926, the association reported.

Earlier today, the local currency extended its winning streak and traded below 300 against the greenback on the interbank.

According to the State Bank of Pakistan, the rupee ended the day at 299.89 against the dollar against the previous day’s close of Rs 301.16. The rupee rose by 0.42% in the interbank market today.

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