The gold rate in Pakistan increased by Rs. 1,200 per tola on Thursday, making it the third straight increase this week.
Data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) indicates that the price of 24-carat gold increased by Rs. 1,200 per tola, reaching Rs. 225,000. The cost of 10 grams of gold also went up by Rs. 1,029, closing at Rs. 192,901.
Following a public holiday on Monday, the price of gold experienced a surge of Rs. 1,100 per tola on Tuesday, and then climbed by an additional Rs. 900 per tola on Wednesday. This recent increase marks a three-day trend of rising prices, amounting to a total of Rs. 3,200 per tola.
On the global market, spot gold saw a 0.2 percent rise, reaching $1,893.30 per ounce as of 0945 GMT. However, US gold futures experienced a 0.2 percent drop, reaching $1,924.40. Notably, the international market price of this precious metal is currently at its lowest point in five months.
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