KARACHI: The bullion market recorded a rise of $ 7 an ounce in gold, causing prices to rise in local currency markets.
Gold was trading at $ 1617 an ounce after trading up $ 7 in the international market.
According to Mohammad Arshad, chairman of the All Pakistan Jewelers Association, the rise in prices in the bullion market has led to the rise in prices of gold per pound and ten grams in local exchange markets.
At the local currency markets, gold price rose by Rs. 180 to Rs.
In all the exchange markets of Karachi, Hyderabad, Sukkur, Multan, Faisalabad, Lahore, Islamabad, Rawalpindi, Peshawar and Quetta, gold was bought and sold at a new rate.
On Friday, February 20, the US dollar closed at 153 rupees 23 paise after the dollar lost three paise in interbank value.
In addition, the Pakistan Stock Exchange was experiencing a downward trend and the business ended negatively.