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Gold extends losses as rupee rebounds - Government & Private Jobs in Pakistan

Gold extends losses as rupee rebounds

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Gold rates drop by Rs450 per tola to Rs130,750.
Price of 10-gram gold settles at Rs112,097.
Silver prices in the domestic market remain unchanged.
KARACHI: Gold edged lower on Friday as the rupee rebounded after four days of losses, with the yellow metal remaining under pressure from expectations that the recovery phase will help stocks and currency stay firm.

The rates went down by Rs450 per tola to Rs130,750 and dropped by Rs386 per 10 grams to Rs112,097 compared to Thursday’s prices.

According to rates issued by All Sindh Sarafa Association, gold prices clocked in at Rs131,200 per tola and Rs112,483 per 10 grams on Thursday (March 10).

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