Gold rates in Pakistan rose for the second consecutive day on Saturday, ending the week at Rs. 222,800 per tola.
According to information provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA). The cost of 24-carat gold went up by Rs. 1,300 per tola, reaching Rs. 222,800, while the price of 10 grams of gold increased by Rs. 1,115, closing the week at Rs. 191,016.
After remaining highly volatile for the past many weeks, the price of gold remained largely stable during the week without any major changes. The week began with a decrease of Rs. 2,500 per tola. There was no change in the price on Tuesday but Wednesday saw the precious metal go up by Rs. 800 per tola.
On Thursday, the price of gold dropped by Rs. 2,800 per tola, but it went up again on Friday by Rs. 1,300 per tola. The increase in price on Saturday means that, when you add up all these changes, the price of gold has actually decreased by Rs. 1,900 per tola over the past week.
After reaching its highest ever value of Rs. 240,000 per tola, the price of gold fell to as low as Rs. 204,000 on July 12. However, it has been recovering in the recent weeks.