PG Game
Diplomat hopeful more Italian firms will arrive in Pakistan
字号+ Author: Source:Sport 2025-01-15 22:03:26 I want to comment(0)
KARACHI: A whooping jump of $35 per ounce in the world rate to $2,612 pushed the local 10-gram and o
KARACHI: A whooping jump of $35 per ounce in the world rate to $2,612 pushed the local 10-gram and one-tola rates to an all-time high of Rs233,196 and Rs272,000 on Friday, showing a jump of Rs3,001 and Rs3,500, respectively. On Jan 1, the 10-gram and one-tola gold rates were Rs188,357 and Rs219,700 based on the international bullion rate of $2,082 per ounce. Consumers are now paying a hefty Rs44,939 per 10-gram and Rs52,300 per tola. At the same time, the global gold rate had swelled by $530 per ounce in the same period despite the rupee-dollar parity did not post any extraordinary fluctuations. All Pakistan Jewellers Manufacturers Association Chairman Mohammad Arshad said that escalating tension in Gaza and a cut in the US Federal Reserve interest rate are putting extra pressure on international gold rates. He said the domestic gold markets lack footfall of buyers who must be feeling the pinch of paying high prices during the ongoing marriage season amid the rising cost of living, while others have been shifted to artificial jewellery.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
STARBUZZ: BY HIS OWN STRENGTH
2025-01-15 20:58
-
UK’s ‘youngest knife murderers’ handed detention terms
2025-01-15 20:46
-
Rupee report: Weekly rupee-dollar parity
2025-01-15 20:03
-
China pushes back against ‘condoning of military adventurism’ in Lebanon
2025-01-15 19:55
User Reviews
Recommended Reads
Hot Information
- Resistance groups ‘will emerge victorious in the war’, says Iranian parliament speaker
- Russian strike on Kharkiv leaves 21 injured
- Court disposes of plea against possible arrest of Salman Raja
- 13 commercial plots auctioned for Rs16.6bn
- PM gives go-ahead for drastic tax enforcement
- HEC approves research journal
- For the record
- PTI-affiliated lawyer Mustafain Kazmi arrested
- Two drug peddlers sentenced to jail
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content