Gold sheds value in local market on weekend

Pakistani bullion market has Saturday shed Rs250 a tola on gold trade that sold at Rs124,100 at the close of the business week.

The global trends have factored in the depreciation of gold today, said Muhammad Arshad of All Pakistan Jeweler Manufacturers Association. The gold ounce rates in the international market receded $15 today and is sold at $1,845.

Similarly, the 10-gram gold rate has slashed Rs214 to now stand at Rs106,395.

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