Wednesday’s closing price for gold in Pakistan was Rs. 226,400 per tola, up for the third day in a row.
The price of gold (24 carats) increased by Rs. 5,400 per tola to Rs. 226,400, and the price of 10 grams increased by Rs. 4,630 to close at Rs. 194,102, according to data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA).
Prior to rising by Rs. 6,200 per tola on Tuesday, the price of gold rose by Rs. 1,600 per tola to start the week. With today’s increase, the price of the precious metal has now gone up by a total of Rs. 13,200 per tola.
Gold’s price has significantly increased since it dropped to Rs. 204,000 per tola on July 12. The price of the precious metal has risen by Rs. 22,400 per tola since then.
By 0821 GMT, spot gold had decreased 0.1 percent to $1,977.63 per ounce on the global market, while US gold futures had risen 0.1 percent to $1,981.70.
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