KARACHI: Domestic gold rates of one tola and 10 grams on Saturday plunged by Rs2,750 and Rs2,356 to Rs138,450 and Rs118,700, respectively.
Karachi Saraf and Jewellers Group had quoted the world gold rate at $1,854 per ounce showing a fall of $6 per ounce compared to Friday.
All Pakistan Jewellery Manufacturers Association President Mohammad Arshad said the bullion prices fall after the rupee made some solid gains against the dollar following the government increased the petroleum prices ending uncertainty regarding revival of IMF bailout programme.
Published in Dawn, May 29th, 2022
