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Gold rally in Pakistan as rupee extends losses

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2 years ago

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Gold prices climbed on Friday on the back of a sliding rupee, as markets remained focused on the State Bank of Pakistan’s (SBP) interest rate strategy.

According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) rose by Rs700 per tola and Rs601 per 10 grams to settle at Rs208,700 and Rs178,927.

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