Thursday saw a fifth consecutive day of declines in the price of gold in Pakistan as the rupee’s clawback against the dollar constrained safe-haven investors’ options despite market rumours that an agreement to restart the International Monetary Fund’s (IMF) stalled loan programme was nearly reached.
The price of gold (24 carats) declined by Rs 3,300 per tola and Rs 2,829 per 10 kilos to settle at Rs 194,700 per tola and Rs 166,924 per 10 grammes, respectively, according to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA).
Advertisement
Advertisement
Since February 4, gold has lost Rs13,800 overall.
