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Gold price in Pakistan rises by Rs700 per tola

Bullion prices settle at Rs116,700 per tola and Rs100,051 per 10 grams on Wednesday.
Significant fluctuations in the local currency against the US dollar aided the increase in prices of the safe-haven asset.
Gold rates in Pakistan are around Rs1,500 below cost compared to the gold rate in the Dubai market.

KARACHI: Gold prices edged higher on Wednesday as a softer rupee and a pullback in global equities lifted demand for the safe-haven asset.

Gold prices in the local bullion market gained Rs700 per tola and Rs6 per 10 gram today to reach Rs116,700 and Rs100,051 amid rising prices in the international markets.

The precious commodity closed at Rs116,000 per tola and Rs99,451 per 10 grams on Tuesday.

Significant fluctuations in the local currency against the US dollar aided the increase in prices of the safe-haven asset.

Media person and communication expert for over 25 years. Worked with Dow Jones News, World Bank, CNBC Pakistan, Aaj TV, ARY TV, Abbtakk TV, Business Recorder, Pakistan Observer, Online News Network, TTI Magazine and other local and world Publications.

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