On Wednesday, the price of gold in Pakistan significantly increased for the second day in a row to close at Rs. 219,000 a tola.
The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) recently released data showing that the price of gold (24 carats) increased by Rs. 4,000 per tola to Rs. 219,000 and that the price of 10 kilos increased by Rs. 4,030 to close at Rs. 188,615.
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The price of gold dropped by Rs. 27,800 per tola last week, marking the largest weekly loss ever. On Monday of the current week, the price of gold increased by Rs. 2,600 per tola. On the other hand, the cost of gold climbed by Rs. 5,600 per tola on Tuesday. With today’s increase, the price of gold has increased by two days, reaching Rs. 9,600 per tola.
By 1305 GMT, spot gold prices were essentially unchanged at $1,912.86 per ounce on the global market. At the same time, US gold futures prices were stable at $1,935.40 per ounce.
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