Gold Rises in Pakistan Despite Global Weekly Losses; Rupee Gains

Local gold prices in Pakistan saw a gain of Rs2,000, reaching Rs440,636 per tola, even as international markets experienced weekly losses. Concurrently, the Pakistani rupee appreciated slightly against the US dollar, moving up 3 paisa to close at 277.07/$. This local gold strength amidst global weakness, coupled with a stronger rupee, suggests domestic factors or demand may be influencing the market, potentially offering a short-term hedge against currency fluctuations for investors.

بحوالہ / Source: tribune.com.pk