KARACHI: The rate of gold dropped for the second consecutive day on Saturday to close at Rs. 221,800 per tola.
As per the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the cost of 24-carat gold experienced a decrease of Rs. 600 per tola, bringing it down to Rs. 221,800. Additionally, the price of 10 grams of gold saw a drop of Rs. 514, settling at Rs. 190,158.
In recent times, the value of gold had surpassed the Rs. 225,000 per tola mark around July 24th, but for the most part, it has stayed within the range of Rs. 220,000 to Rs. 222,000.
During the past week, the price of gold went down by Rs. 1,000 per tola, following a decline of Rs. 1,900 per tola in the week prior.
Presently, the cost of gold in Pakistan is notably lower than its all-time peak of Rs. 240,000 per tola, which was recorded on May 10th.