Price of Gold in Pakistan Drops for Second Time this Week

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[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]In Pakistan, the price of gold fell for a second time this week, closing at Rs. 232,600 per tola.

The price of gold (24 carats) decreased by Rs 1,000 per tola to Rs 232,600, while the price of 10 grammes decreased by Rs 857 per tola to Rs 199,417, according data provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA).

After experiencing price fluctuation the previous week, the price of gold has stayed comparatively constant this week. Gold’s price rose by Rs. 1,100 per tola on Monday but fell by Rs. 2,000 per tola the next day before remaining stable on Wednesday.

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The cost of gold increased by Rs. 500 per tola on Thursday. With today’s drop, the price of gold has decreased by Rs. 1,400 per tola over the past week. This is in striking contrast to last week’s price rise of Rs. 8,500 per tola.

By 11:10 GMT, spot gold had increased by 0.3 percent to $1,964.09 per ounce on the global market, while US gold futures had risen by 0.4 percent to $1,967.80.[/vc_column_text][/vc_column][/vc_row]

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