ISLAMABAD: The price of gold in the country remained stable on the fifth day of the business week.
According to the details, the price per tola remained stable at Rs 4,75,362, while the price of 10 grams of gold also remained stable at Rs 4,75,546.
On the other hand, gold prices have declined in the global market, mainly due to the strength of the US dollar and expectations of a possible increase in interest rates.
Spot gold fell 0.3 percent on Friday to $ 4,527.60 per ounce, while prices also recorded a slight decline on a weekly basis. Similarly, US gold futures were also trading down 0.3 percent to $ 4,529.10 per ounce.
According to experts, a strong US dollar makes gold expensive for holders of other currencies, which affects demand. Analysts say high interest rates around the world are also putting pressure on gold prices.
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