KARACHI – Gold continued to gain ground in the domestic market on second day of the business week, Monday, as rupee further weakened against the US dollar in the interbank and open markets.
The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data shows the price of gold (24 carats) increased by Rs2,300 per tola and Rs1,972 per 10 grams to reach Rs201,500 and Rs172,754, respectively.
In the international market, the price of the precious metal surged by $32 to reach $1,866.
The Pakistani rupee depreciated by 0.24% against the US dollar in the interbank market, settling at Rs282.29 as compared to Friday’s Rs281.61.
