Gold continues upward journey in Pakistan

KARACHI: The gold prices continue to soar in Pakistan as per tola price of the precious yellow increased by Rs3,050 in the domestic market, ARY News reported on Tuesday.

According to the All-Pakistan Jewellers Manufacturers Association, per tola price of gold soared by Rs3,050 to trade at Rs151,150.

Similarly, the price of 10 grams jacked up by Rs615 to Rs129,587.

Rupee freefall continues 

The Pakistani rupee continued to lose its value for the third consecutive session, falling by Rs1.56 against the US dollar in the interbank market.

According to data shared by the State Bank of Pakistan (SBP), the local currency closed at Rs221.42 per dollar, showing depreciation of 0.70 per cent.

It is pertinent to mention here that the rupee faced a setback on Friday after it shed its value against US dollar in the interbank on Friday, a day after the State Bank of Pakistan received a loan tranche from the International Monetary Fund (IMF).