Gold price snaps three-day losing streak in Pakistan

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An undated image of gold bangles displayed at a jewelry store. — Reuters/File

Gold jumped over Rs3,500 per tola on Thursday, snapping a three-day losing streak to trade above the key Rs195,000-per tola level as record high inflation once again shifted investors’ attention towards the precious commodity.

Data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold (24 carats) increased by Rs3,800 per tola and Rs3,258 per 10 grams to settle at Rs196,000 and Rs168,038, respectively.