The price of gold in Pakistan has been volatile in recent days, but it seems to have stabilized today. Following two days of strong rises, the price of gold in Pakistan remained stable on Thursday. The price of 24-carat gold remained steady at Rs. 219,000 per tola, according to statistics from the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), with 10 kilos costing Rs. 188,615.
The value of this precious metal had fallen sharply in the previous week, with losses totaling Rs. 27,800 per tola. The start of the new week didn’t provide much comfort, however, with prices falling by Rs. 2,600 a tola on Monday. However, the trend flipped in the next two days, with price hikes of Rs. 5,600 and Rs. 4,000 per tola on Tuesday and Wednesday, respectively.
Meanwhile, spot gold rose 0.1 percent in the international market, hitting $1,908.18 per ounce at 1121 GMT. However, gold futures in the United States fell 0.2 percent to $1,929.60.
Gold prices may be highly volatile, driven by a variety of variables such as global economic circumstances, supply and demand, and investor mood. So, although it is now stable, it is critical to keep a watch on the market for any future volatility.