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KARACHI: In line with the international market, the gold price in Pakistan extended gains on Tuesday amid depreciation in the Pakistani rupee and uncertainty in oil prices.
The price of the precious commodity rose by Rs300 per tola and Rs257 per 10 grams to settle at Rs131,000 and Rs112,311, respectively.
A day earlier, the precious commodity closed at Rs130,700 per tola and Rs112,054 per 10 grams.
Earlier, speaking to the media, a gold dealer had said that the local demand in the market is almost flat because the gold is around $5,500 under cost.
“Buyers are purchasing cautiously after analyzing the rumors spreading in the market,” he said.