On Wednesday, the cost of gold in the country significantly rose for a second day in a row and finished above Rs. 219,000 a tola.
The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) recently released information indicating that the cost of gold (24 carats) risen by Rs. 4,000 for each tola to Rs. 219,000 while the value of ten kilograms grew over Rs. 4,030 and closed at Rs. 188,615.
After a drop of Rs. 27,800 each tola this past week, the cost of gold suffered its largest weekly decrease on record. On the very first day of the present week, gold’s price climbed to Rs. 2,600 per tola. But the value of gold jumped about Rs. 5,600 each tola on Tuesday. The value of gold has recently risen repeatedly in the last two days, exceeding Rs. 9,600 each tola.
Around $1,912.86 each ounce, spot gold was basically flat on the international market at the time of 13:05 GMT, whereas the per-ounce cost for US futures for gold was similarly steady at $1,935.40.