Gold rates witnessed a sharp plunge in the start of August 2022 taking the trading price below Rs150,000 per tola in Pakistan due to an increase in local currency against US dollar and drop in crude oil prices. Gold slides beneath key technical levels around Rs145,000 per tola accelerated the decline as investors liquidated some long positions. The gold hit an all-time high of Rs162,500 per tola on July 28 The decline was in line with the dealers' expectation of the market to undergo a correction after scaling to new peaks in previous sessions. UrduPoint anchor Zain Babu has taken us to visit the Gold market and talked to the owners of the jewelry shops about the instability in the prices of Gold. How the whole situation affects them , let us know in this video .
Anchor: Zain Babu

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