Tag Archives: rising rupee take sparkle off gold prices

KARACHI: A combination of a government crackdown on speculators, a stronger rupee and a fall in global market rates has resulted in a notable drop of around Rs20,000 per tola in the domestic 24-karat gold rates over the past 25 days. However, with All Pakistan Gem and Jewellers Association (APGJA) halting its daily rate announcements on Sept 13, traders have been quoting …

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