Gold Price in Pakistan Falls Rs. 1,000 per Tola This Week

The price of gold in Pakistan has experienced a decline for the second consecutive day, closing at Rs. 221,800 per tola. The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price of gold (24 carats) decreased by Rs. 600 per tola to reach Rs. 221,800, while the price of 10 grams dropped by Rs. 514 to close at Rs. 190,158.

The price of gold had surpassed the Rs. 225,000 per tola mark on July 24, but it has mostly remained within the range of Rs. 220,000 to Rs. 222,000 since then.

Also Read :Gold Price Declines Significantly in Pakistan

Over the past week, the price of gold has fallen by Rs. 1,000 per tola, following a drop of Rs. 1,900 per tola in the preceding week.

It’s important to note that the current price of gold in Pakistan is considerably lower than its all-time high of Rs. 240,000 per tola, which was recorded on May 10. The fluctuations in gold prices can be influenced by various factors, including global economic conditions, inflation, currency exchange rates, and demand and supply dynamics.