Gold turned bullish on Friday, hitting a five-week high, though 2021 is set to be its worst year since 2015. Gold in the international market was available at $1,825.90 per ounce, gaining $11.40 as of 1400 hours GMT.
The price of 10 grams of yellow metal in Pakistan, meanwhile, went up to Rs103,600 after gaining Rs100. Gold in the local market was available at Rs103,500 on Thursday last.
A relatively lower increase in price of the yellow metal in the local market was due to overnight decrease in gold’s price when the local market was closed. Moreover, the Pakistani rupee gained Rs1.74 paisas against the US dollar during the last two days, which also limited the overall gain in the local gold price. —TLTP
