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Causes of Changes of Gold Prices in Pakistan
Gold is a precious metal and extremely expensive. It is a symbol of wealth and is inseparable from many cultures across the world. Gold is used in wedding ceremonies and other traditional festivals. There is a need to find the real cause for the increase in gold rate. Gold price is increasing day by day. People who like purchasing jewellery of gold would love to see increment in the price of the metal. Gold and spot gold shows high price so as there are few people who can purchase it.
Gold is in very much use in many occasions like weddings and festivals. Many jewelleries are even used for some holy cause. Gold rings are interchanged between the bride and groom. The basic fact is that gold prices change from state to state as every state has its own currency and there can be their own gold miners without involvement of any other state.
Pakistan has witnessed a major setback when the interfering attitude of the ministry of petroleum and natural resources transferred the ownership of the largest resource of copper, gold and gas in Balochistan to the Australian and Canadian company leaving the capital of Pakistan as a spectator to the values and benefits they could have relished on. Now these companies sell the metal and other valuable things on hefty amounts to Pakistan. This can be received from Balochistan without any payment if the ownership was not transferred to the foreign companies. All this performed great help in increasing prices of gold in Pakistan.
Gold being a precious metal and an important part of culture cannot be exchanged with any other metal. Increase in price doesn’t stop the consumer to purchase it. It is often seen as a perfect place to invest so as to get better return on investment. The value of your investment will increase as the gold price will increase. This will help you reap benefits in the future.
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Afghan village gold mine lures modern-day prospectors
Pakistan Daily Times
“The gold is in here,” he says. Ali was one of generations of local men who used chisels and pickaxes to extract small amounts of gold from the forbidding peaks above the village of Qara Zaghan on the edge of the Hindu Kush mountains. ... AGM is ...
Eagle 6 updates 101st progress
The Fort Campbell Courier
The 3rd Brigade are wrapping up their successful tour and have begun redeploying home to Fort Campbell and the 4th Brigade have arrived to assume responsibility for the provinces of Khost and Paktiya, along the Pakistan border. The Rakkasans have ...
With investment in technology, gems, jewellery exports hit $1b mark
The Express Tribune
Pakistanis are now investing in latest machinery that has never been the case before,” said Pakistan Gems and Jewellery Development Company (PGJDC) Chief Executive Bakhtiar Khan in an interview to The Express Tribune. According to latest government ...
Improving Women's Financial Literacy, Worldwide
Ms. Chelmkinski also noted that poor women are already very frugal when managing their household budgets and informal borrowing and investing do take place. For example, many will use spare cash to buy gold that they can wear, knowing they can ...
Gold sheds Rs1,200 per tola
The News International
The price of pure 10 gram gold decreased by Rs1,029 to Rs46,971, he said.Muhammad Irfan, manager research and product development at Pakistan Mercantile Exchange, said that the decline in the commodity's price was seen in the country after it lost ...
BUSINESS IN BRIEF 16/5
Firms presenting at the meeting complained about the city's regulation which call for them to deposit 3 per cent of the investment for each real estate project, saying that the rate was too high and was hindering businesses which are already struggling ...
Sensex fell by 450 points, the biggest fall since March 2012
Country's exports grew by 1.6 per cent in April while imports surged by 10.9 per cent following undue growth in gold imports that pushed up trade deficit, mainly affecting the market sentiment badly, a broker said. Gold and ... If ura small investor ie ...
BUSINESS IN BRIEF 13/5
The Ministry of Finance has completed a draft government decision on giving tax exemptions to raw gold exports and imports conducted by the State Bank of Vietnam (SBV), which is seen as a move to legalize such activities of the central bank. However ...
Pakistan Elections 2013: Raft of challenges for new govt
May of them talked to this scribe; they are afraid of spending money,( which they do want to invest) fearing hancky pancky; Similarly the next government should use abundance of flowing gold, rivers in Kashmir. Four rivers in Azad Jammu and Kashmir ...
Is Dubai the center of the world (again)?
Dubai, United Arab Emirates (CNN) -- During London Mayor Boris Johnson's recent visit to Dubai on an investment promotion trip, he jokingly declared that he is "mayor of the eighth emirate." Though uttered ... Thirty years ago, when I was a child ...
PMEX: Watch Live Gold Rates in Pakistan, Trade, Buy, Sell, Invest in Gold, Silver, Crude Oil
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