After a surprising drop the day before, the price of gold in Pakistan surged again on Friday.
The price of gold (24 carats) increased by Rs. 1,800 per tola to Rs. 222,900, according to data issued by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), while the price of 10 kilos grew by Rs. 1,542 to close at Rs. 191,100.
Read more : In two days, the price of gold in Pakistan has risen by more than Rs. 10,000 per tola.
On Monday, the price of gold increased by Rs. 1,600 per tola, followed by another increase of Rs. 6,200 per tola on Tuesday. The price of gold increased by Rs. 5,400 per tola on Wednesday, bringing the total increase in the first three days to Rs. 13,200 per tola.
With today’s increase, the precious metal’s price has risen by Rs. 9,700 per tola throughout the current week.
By 1119 GMT, spot gold was down 0.4 percent to $1,962.69 per ounce, while US gold futures were down 0.3 percent to $1,965.
