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Gold price surges Rs700 per tola to Rs70,700

KARACHI: Gold price increased Rs700 per tola (11.66 grams) to an almost four-week high at Rs70,700 in Pakistan in line with uptrend of the commodity at world markets due to escalation in US-China trade tensions, traders said.Besides, weakness of local currency against the US dollar also played an important role in enhancing the price of the imported commodity in the local market, they added.

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