Gold extends losses however closes week on shining be aware

An undated image of a shop dealer showing gold jewellery to a customer. — Reuters/File
An undated picture of a store vendor exhibiting gold jewelry to a buyer. — Reuters/File

Gold value prolonged losses on Saturday in Pakistan as enhancing financial indicators light the shine of the safe-haven asset within the native bullion market.

In response to All-Pakistan Sarafa Gems and Jewellers Affiliation (APSGJA), the value of gold (24 carats) fell by Rs1,600 per tola and Rs1,372 per 10 grams to settle at Rs200,000 and Rs171,468, respectively.

Whereas the value of yellow steel fell over Rs3,000 in two buying and selling periods, it cumulatively gained Rs5,900, or 3.03% per tola throughout the week ended March 4.

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