ISLAMABAD: Gold price regained some positive traction on Monday and surged 0.12 percent. As of 1340 hours GMT, the gold futures were available at $2,020 per ounce, showing an increase of $2.40 (-0.12 percent). Out of the $2.40 per ounce increase, +$3.4 was due to weakening of the US dollar and -$1 was due to predominant sellers, according to Kitco Gold Index. The gold rate in Pakistan for a single tola of 24-karat reached Rs226,000 while for 22-karat, it was recorded at Rs 207,200 per tola. Similarly, the gold rate in the country for 10 grams of 24-karat reached Rs193,800 while for 22-karat, it was recorded at Rs 177,650. The gold rate has been on a steady uptrend in Pakistan due to massive depreciation of the rupee against the US dollar for the past one year. TLTP
