Sport
ECP can’t disqualify lawmakers, Imran’s counsel tells LHC in Toshakhana case
字号+ Author: Source:Game 2025-01-16 05:48:34 I want to comment(0)
KARACHI: Amid uncertain political and economic environment, domestic gold prices a record-setting sp
KARACHI: Amid uncertain political and economic environment, domestic gold prices a record-setting spree on Wednesday, tossing the 10-gram and one-tola rates to an all-time high of Rs236,197 and Rs275,500, respectively, up by Rs2,144 and Rs2,500, from Tuesday’s rates. The All Pakistan Gem and Jewellery Association (APGJA) attributed the surge in local prices to a $25 per ounce jump in the world markets to $2,653. All Karachi Jewellers and Manufacturers Association Chairman Mohammad Haseen Qureishi said the rising prices drive away the buyers and “we are running our shops with only 30-35 per cent footfall of consumers”. He said that the buyers of 10-tola jewellery sets have now settled toward two to three tola, and others rely on half a tola jewellery items due to their shrinking buying power. Samiullah Tariq, head of research and development at Pak Kuwait Investment Company Ltd, said the people in Pakistan were preferring to invest in gold rather than in real estate and US dollars due to an uncertain economic outlook. APGJA Chairman Haroon Rasheed Chand said investors worldwide have moved towards the yellow metal after interest rate cut by the Federal Reserves and Chinese central bank, followed by uncertain political situation arising from Israeli attacks on Gaza and Lebanon and reports of economic crisis in many countries.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Sri Lanka debutant Peiris spins NZ to innings defeat
2025-01-16 05:47
-
Tax authority revamps top hierarchy to speed up digitalisation
2025-01-16 05:36
-
Three including JI leader killed on Kohistan road
2025-01-16 03:48
-
US seeks to align positions with Israel on response to Iran, top US official says
2025-01-16 03:41
User Reviews
Recommended Reads
Hot Information
- Two suspects shot dead in ‘encounter’
- Boulder kills two mineworkers in Mohmand
- English Access programme transforms lives of students from backward areas
- Hasnain, Saim set up Champions One-Day Cup final for Panthers
- PHOTOS: Displaced Lebanese move to a beach in Beirut amid Israel’s incursion
- Police constable killed, two injured in Bajaur attack
- Boy’s body recovered from water channel after 20 days
- After removal from bench formation committee, Justice Akhtar skips defection law verdict review
- Development goals
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content