Gold Price in New Week With Major Decline

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Gold Price in New Week With Major Decline

This week in Pakistan commenced with a significant decrease in the price of gold, witnessing a drop of Rs 1,900 per tola on Monday.

As per data provided by the All-Pakistan Gems and Jewellers Association (APGJA), the cost of gold (24 carats) decreased by Rs. 1,900 per tola, reaching Rs. 216,100, and the price for 10 grams witnessed a decline of Rs. 1,629, settling at Rs. 185,271.

Worth noting is that the local market experienced a reduction of Rs. 2,000 per tola in the previous week.

On the global scale, spot gold recorded a 0.4 percent decrease to $2,037.39 per ounce, while US gold futures dropped 0.3 percent to $2,043.60 per ounce as of 0342 GMT.

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