The gold price dropped by another Rs2,800 in Pakistan on Wednesday, according to rates shared by the All Sindh Saraf Jewelers Association. A tola of gold now costs Rs102,900. The price of gold has been falling across the world. Apart from the improving Covid-19 situation, maverick cryptocurrencies have been affecting it too. Almost all governments in the world have disowned cryptocurrencies. The price of gold has been falling since the emergence of several vaccines against the novel coronavirus. The vaccination process has begun in many countries, including the US. But commodities expert Adnan Agar says that gold is not losing its value only to the improving Covid-19 situation.
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