Dollar Slides down, Gold rates fly high
Gold rate has yet again flown high in the Sarafa markets of multiple cities, after a stable time period.
According to details, there has been a noticeable rise in the gold rates even though the dollar prices slid down this week.
Dollar slid down 1 rupee and 14 paisas against rupee this week. After which, dollar rates fell down from 158 rupees 66 paisas to 157 rupees 52 paisas.
Likewise in open market, Dollar weakened 1 rupee 40 paisas and slid down to 157 rupees 90 paisas from 159 rupees 30 paisas.
On the other side, gold rates of one tola and 10 grams shot up in the Sarafa markets.
According to reports, gold rates touched fresh high of 1450 and 1243 rupees. Whereas, in the international market, per ounce gold raised up to 32 dollars in just one day.
In different Sarafa markets of country, including Karachi, one tola gold was sold at 88,550 rupees. And 10 grams of Gold was sold at 75,917 rupees.
Whereas, rates of silver remained stable i.e. 1110 for one tola and 951 rupees and 64 paisas for 10 grams silver.
A noticeable fall of 2650 rupees was recorded previously in the gold rates in this business week.