Gold rate declines in Pakistan as rupee gains ground

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An undated image of gold jewellery displayed at a store. — ReutersFile

Gold retreated in Pakistan on Friday in line with a decline in the international market and the continuous recovery of the rupee against the US dollar.

Data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold (24 carats) decreased by Rs2,800 per tola and Rs2,400 per 10 grams to settle at Rs193,200 and Rs165,638, respectively.

This is a developing story and is being updated with more details…