Gold price gains Rs400 per tola, trades at Rs125,150

KARACHI: Contrary to the international market, the price of gold in Pakistan recorded a gain of Rs400 per tola on Saturday to settle at Rs125,150 per tola.

The price of the precious commodity rose by Rs343 per 10 grams to settle at Rs107,296 per 10 grams.

A day earlier, the precious commodity closed at Rs124,750 per tola and Rs106,953 per 10 grams.

Cumulatively, the precious metal lost Rs1,050 per tola during the week ended January 15.

However, it is pertinent to mention that the gold rates in Pakistan are around Rs3,000 below the cost compared to the gold rate in the Dubai market.

‘Karachi expected to report 50% positivity ratio’

Meanwhile, federal health officials told Geo News that they expected the situation in Karachi to change in the coming week as the positivity ratio might hit 50%, leading to an increase in hospitalisations.

The officials also said that cases were expected to shoot up to 6,000.

Sindh calls meeting amid increasing cases

Chief Minister Sindh Murad Ali Shah has called a meeting of the provincial government today to discuss the COVID-19 situation in Karachi, Geo News reported.

According to sources, members of the COVID-19 task force, the Sindh Health Department, and coronavirus specialists will attend the meeting to talk about the ongoing situation in the city.

Separately, speaking to journalists in Karachi, CM Shah had also said the decision to impose a lockdown and close educational institutions will be taken in line with the NCOC’s recommendations.

CM Shah had said that the coronavirus cases were spreading at a rapid pace, but the situation was under control as hospitalisations and patients in intensive care units (ICU) in the port city were less.

Booster dose

The NCOC had also announced all citizens above 18 years can get the coronavirus vaccine’s booster jab, as the Omicron variant pushes infections across the country.

The free booster dose will be administered to people after a six-month gap from when their vaccination was completed.