KARACHI: The local bullion market has on Wednesday seen gold prices sliding as much as Rs3000 per tola reaching Rs122,000 since its close yesterday during the week, ARY News reported.
Similarly another benchmark unit of gold, 10-gram, has shed about Rs2,572 in the market which is now available at Rs104,595 today around the market close.It may be noted that in the global markets today, the gold has receded and lost $12 on an ounce and is available $1,763 in the international markets.
Rupee recovers in interbank marketThe gold retreat today may as well be attributed to the rupee recovery in the foreign exchange market in the interbank trade.
The Pakistani rupee extended gains today against the United States (US) dollars in the interbank currency market.
“Azm-e-Istehkam is a multi-agency, multi-domain national vision for long-term stability in Pakistan,” the statement continued. “Its purpose is to bolster intelligence-based kinetic operations that are already underway in order to effectively eradicate the persistent and elusive presence of terrorist remnants, their facilitation due to the crime-terror nexus, and the elimination of violent extremism in the nation in order to guarantee a safe environment for the nation’s economic growth and prosperity.”
The statement went on, “This should clear up any misunderstandings and end needless discussion on the matter.”
