The price of gold rose by Rs3,100 in Pakistan over the last two days, according to rates shared by the All Sindh Saraf Jewelers Association. A tola is now selling for Rs106,000. The gold price has been dropping steadily. It fell to almost a one-year low at $1,683 an ounce last month. The price recovered but again fell to nearly the same level before bouncing back again now. The price of gold in Pakistan follows its price in the international market. “Gold will touch lower lows now every now and then,” said Adnan Agar, a commodities expert. “I expect gold price to drop again to touch a lower trough next week.” He said the US employment data has been impressive as the world’s
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