On Thursday, the price of gold in Pakistan rose for the second day in a row, reducing its losses for the week.
The price of gold (24 carats) climbed by Rs. 1,800 per tola to Rs. 207,800, according to data issued by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), while the price of 10 grams jumped by Rs. 1,543 to Rs. 178,155.
On Monday, the price of gold surged by Rs. 8,800 per tola, and on Tuesday, it increased by another Rs. 2,200 per tola. However, the price jumped somewhat on Wednesday, by Rs. 1,000 per tola.
With today’s rise, gold has halved its losses for the week, although it is still down by Rs. 8,200 per tola for the week as a whole.
By 1332 GMT, raw gold was down 0.4 percent at $1,910.69 per ounce in the global market, while US gold futures were down 0.5 percent at $1,917.10.