KARACHI (APP): Gold moved up by Rs 600 to Rs 21,257 per 10 grams in the local market Saturday, as its international price also improved to $ 875 an ounce, market sources said.
So, for 31 gram(1 oz) that equates to Rs 65,897. Converted to US dollars is $1,438.
Is this correct or have I messed something up?
Why the huge Arbitrage?