Govt Raises Rs680b via T-Bills; Gold Plunges Rs11,300/Tola

The government successfully raised Rs680 billion from its latest T-bill auction, with total bids reaching Rs2.77 trillion across various tenors, reflecting mixed yield outcomes. This significant domestic borrowing comes as the local gold market experienced a dramatic plunge, with the price of gold per tola falling by Rs11,300. The T-bill results indicate ongoing government reliance on domestic financing, while the sharp gold correction could influence investor sentiment and local currency dynamics.

بحوالہ / Source: tribune.com.pk