KARACHI: Gold on Tuesday broke the downtrend as gold price in Pakistan rose by Rs1500 per tola, mostly down to the depreciation of the Pakistani rupee against the US dollar.
The price of the precious commodity rose by Rs1500 per tola and Rs1286 per 10 grams to settle at Rs142,900 and Rs122,514, respectively.
A day earlier, the precious commodity closed at Rs141,400 per tola and Rs121,228 per 10 grams.
The price of the precious commodity decreased by $4 per ounce to settle at $1,803 in the international market due to a stronger dollar affected, however, growing recession fears kept safe-haven bullion pinned near the key support level of $1,800 an ounce.
Meanwhile, the silver prices in the domestic market remained unchanged at Rs1,520 per tola and Rs1,303.15 per 10 grams today.
