Gold price declines by Rs1,400 per tola

Gold
Gold price was down Rs1,400 at Rs141,700 per tola and decreased by Rs1,200 to Rs121,485 per 10 grams. The rates of gold were Rs143,100 per tola and Rs122,685 per 10 grams.

The dealers had already anticipated the market to undergo a correction after the precious commodity scaled to new peaks. The gold hit an all-time high of Rs162,500 per tola on July 28.

Pakistan is a small market for gold at the global level. It meets the commodity’s demand through imports as it does not produce the commodity locally.

Accordingly, the gold price for local markets is determined by keeping in view its prices in world markets, rupee-dollar exchange rate, and demand and supply in domestic markets.

The latest price for local markets was determined to keep in view the prices at which trades took place among buyers and sellers.

It should be noted that the gold price is standing below cost. Gold is cheaper by Rs4,000 per tola compared to its price in Dubai.

 



from latest-news - SUCH TV https://ift.tt/V2KXMv6

Comments

Post a Comment

Popular posts from this blog

Study in UK with Studyinuk.pk

Image
 Study in UK with Studyinuk.pk Study in UK with studyinuk.pk is a platform where your get all the latest information about Study in UK. www.studyinuk.pk is providing quality services for students to get UK admission and UK study visa. for more information about Study in UK , Scholarships in UK, Study in uk without IELTS please visit our website  www.studyinuk.pk . 
Read more

Tesla pulls games on moving car screens after US safety probe

Image
Electric carmaker Tesla Inc will stop allowing video games to be played on vehicle screens while its cars are moving, the US National Highway Traffic Safety Administration said on Thursday. The move follows an announcement by the NHTSA on Wednesday that it had opened a formal safety investigation on 580,000 Tesla vehicles sold since 2017 over the automaker's decision to allow games to be played on the front center touchscreen while they are in motion. This functionality, referred to as “Passenger Play,” may distract the driver and increase the risk of a crash, the NHTSA has said. Tesla has informed the NHTSA that a software update will lock the "Passenger Play" feature and make it unusable when the vehicle is in motion, a spokesperson for the agency said in a statement. "The NHTSA constantly assesses how manufacturers identify and safeguard against distraction hazards that may arise due to faults, misuse, or intended use of convenience technologies, including i
Read more

Sania Mirza to quit tennis this year

Image
Indian former doubles world number one Sania Mirza said on Wednesday she will retire from tennis at the end of this season with injuries taking their toll. It came after the 35-year-old, regarded as her country's greatest women's tennis player, bowed out of the Australian Open in the first round with her partner Nadiia Kichenok of Ukraine. “I have decided this will be my last season. I'm taking it week by week, not sure if I can last the season, but I want to,” she told press in Melbourne, in comments later confirmed to AFP by her father. “I still feel I can play well, go deep into tournaments and all that. But beyond this season, I don't see my body do it either. It's beat.” Mirza, who has won six Grand Slam doubles titles, is paired with America's Rajeev Ram in the mixed doubles at the Australian Open. They play on Thursday in the first round. Mirza, who is married to former Pakistan cricket captain Shoaib Malik, last won a women's doubles title at
Read more

Petrol may go up by Rs25, HSD by Rs40

Image
The federal government is mulling over a plan to cut subsidies on petroleum products in phases -- Rs25 per litre on petrol and Rs40 per litre on high speed diesel (HSD) in the first one -- in a bid to reduce the volume of the mounting price differential claims. The prices of petrol and high speed diesel (HSD) will jump up to Rs195 per litre and Rs230 per litre respectively, if the federal government withdraws all the subsidies on them at once. The subsidies on petroleum products continue to swell because of higher global oil prices and depreciation of the local currency against the US dollar that may lead to a higher budget deficit. In addition, the government is also facing problems of balance of payment and wants to avail the International Monetary Fund (IMF) bailout package. Sources said that government is currently giving a subsidy of Rs29.60 per litre on petrol. This volume may rise by Rs45.14 per litre if the government continues to keep the oil prices unchanged from the 16
Read more

Study in the UK Without IELTS: Your Pathway with Study Icon Murree Consultancy

Image
  Study in the UK Without IELTS Study in the UK Without IELTS: Your Pathway with Study Icon Murree Consultancy   Navigating the world of international education often brings up questions about language proficiency tests. The good news? For those eyeing the UK, there's a way to sidestep the traditional IELTS requirement. Dive into this expert guide to discover how Study Icon Murree Consultancy can be your bridge to UK universities without the IELTS hassle.   WhyStudy in the UK? Global Recognition: UK degrees are globally respected, opening doors to international career opportunities. Diverse Courses: From business to arts, the UK offers a myriad of courses tailored to diverse interests. Cultural Exposure: Immerse in the UK's rich history, modern cities, and diverse culture while pursuing your studies.   How Can You Study Without IELTS? While many UK universities require IELTS scores, several institutions offer exemptions based on: ·          Previous ac
Read more

Abandoning Afghanistan peace process for any reason would be a great travesty: PM Khan

Image
Warning the world that a hasty international withdrawal from Afghanistan will be unwise, Prime Minister Imran Khan said abandoning the Afghan peace process for any reason would be "a great travesty". This was stated by the premier in an opinion piece he wrote for The Washington Post on Saturday wherein he spoke about the casualties of war suffered by Pakistan and Afghanistan. "With the exception of the resilient Afghans themselves, no people have paid a higher price for the conflict in Afghanistan than the people of Pakistan. Through decades of conflict, Pakistan has dealt with the responsibility of taking care of more than 4 million Afghan refugees," wrote PM Imran. The prime minister talked about how the war in Afghanistan disrupted Pakistan's economic trajectory and radicalised fringes of the country's society. "The Pakistan I had known growing up in the 1960s and 1970s changed in some deeply unsettling ways," he stated. PM Imran wrote abo
Read more

New on Sports Illustrated: Looking Back at Nick Saban's Impact on LSU

Image
In an excerpt from 100 Things LSU Fans Should Know & Do Before They Die, Ross Dellenger and Ron Higgins look back at Nick Saban's coaching career with the Tigers ahead of his induction into the Louisiana Sports Hall of Fame in December 2020. The following excerpt of 100 Things LSU Fans Should Know & Do Before They Die, by Ross Dellenger and Ron Higgins, is presented with permission from Triumph Books. For more information or to order a copy, please visit Triumph Books , Bookshop.org , Amazon or Barnes & Noble . When Nick Saban arrived in Tuscaloosa by private plane in January 2007 after agreeing to become Alabama’s coach, he was mobbed by adoring fans. But when he arrived in Baton Rouge in late November 1999, at his introductory press conference announcing him as LSU’s coach, the reception was “Who’s Nick Saban, and why is LSU paying him $1.2 million a year?” “I couldn’t believe the response and the attitude people had toward me,” Saban said. “I felt like there we
Read more

Govt is taking steps to resolve issues faced by Karachi citizens: Asad Umar

Image
Federal Minister for Planning, Development, Reforms and Special Initiatives Asad Umar on Saturday has said that the PTI-led government is taking steps to resolve the issues faced by Karachi citizens. While addressing a function of the restoration of Karachi’s Cooperative Market where hundreds of shops were destroyed in a fire, the minister said that “Karachi didn’t have any modern transport system, but owing to PTI, people of Karachi can now travel through Green Line Bus Rapid Transit (BRT) system". Praising the federal government for its efforts to resolve Karachi issues, Umar said that the government believes in public service, adding that Public-Private Partnership Authority (PPPA) has approved the transaction structure of the Karachi Circular Railway. The minister also said: “The next meeting of the Executive Committee of the National Economic Council (ECNEC) will approve the KCR, after which its construction will be started.” During the function, Umar also assured that
Read more

Centre and Sindh will together fight the menace of bandits in the province: Sheikh Rasheed

Image
Interior Minister Sheikh Rasheed Ahmed said the Centre and Sindh will together fight the menace of bandits in the province. Addressing a press conference here, he said: “I held a meeting with Chief Minister Murad Ali Shah this morning, wherein it was decided that the Cetnre and province will together deal with bandits.” Sheikh Rasheed said the Sindh government can utilize the Rangers’ services wherever it wants in the province. “We are ready to provide the Rangers for the entire province if the Sindh government desires so,” he added. He said bandits involved in kidnapping for ransom and murders will be booked under the terrorism law. “We are ready to provide drones to the police,” the interior minister said in a reference to the chief minister’s demand for provision of air support and sensitive equipment for the anti-bandit operation. “We will not rest until the dacoit rule is eliminated,” he vowed. Though, the Sindh government wants to tackle the Shikarpur situation on its own,
Read more