KARACHI: Gold prices on Monday registered an increase in the domestic market despite a recovery in the Pakistani rupee against the US dollar, ARY News reported.
The per tola rate of the precious metal on Monday witnessed an increase of Rs50 to settle at Rs125,200, all Pakistan Jewelers Manufacturers Association Chairman Muhammad Arshad said.
Likewise, the price of 10 grams of gold increased by Rs42 to Rs107,388 in the local market.
US dollar weakens against Pakistani rupee
The United States (US) dollar weakened against the Pakistani rupee in the interbank market on the first trading day of the week.
Interbank closing #ExchangeRate for today: https://t.co/F8PhNEr8dN pic.twitter.com/CUqmMDymUy
— SBP (@StateBank_Pak) January 17, 2022
According to the data shared by the State Bank of Pakistan (SBP), the greenback closed at Rs175.92 against the domestic currency on Monday, showing depreciation of 15 paisas over the previous close of Rs176.07.
On Friday, the dollar had weaker higher by 31 paisas at Rs176.07 against the rupee in the interbank market.
