The price of per tola gold was indicated by data provided by All Pakistan Gems and Jewellers Association to have fallen by Rs600 to hit at 422,462.
In the same way, 10 gram gold priced at 362,193 after falling to 514.
The commodity of high value also saw a small fall of the international market with per ounce rate plummeting by 6 and came down to 4,001.
The previous day, the gold rates were not fluctuating in Pakistan according to the stability in the international market.
In the meantime, the Punjab government has granted the introduction of a QR code system among the retailers as a part of their digital economic strategy.
A spokesperson stated that the new cashless system would help to encourage financial inclusion, increase the transparency of transactions, and decrease the dependence on cash payment.
The QR code system will be interconnected to the banking networks and the digital payment systems so that the small businesses can be able to take payments without having to use cash. This is an initiative to ensure that digital transactions are safer, faster and cheaper to both the retailers and consumers.
The Punjab cabinet has welcomed this as a major move towards a Digital Pakistan as it has the potential of turning the province into a revolutionary in terms of conducting transactions. The system will not only assist small traders, but it will also promote the wider use of digital financial services.
