In Pakistan, the value of gold chops down for the sixth day in a row on Saturday, reaching a closing price of Rs. 212,000 tolas.
Gold (24 carats) is now available at Rs. 212,000 per tola, a reduction of Rs. 500 and the price of 10 kilos decreased by Rs. 428 to close at Rs. 181,756 on Saturday, according to numbers sent from the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA).
The price of gold began the week with a slight decline of Rs. 700 per tola on Monday. However, the decreases in price stood at Rs. 6,300, Rs. 10,500, Rs. 5,800, and Rs. 4,000 per tola on Tuesday, Wednesday, Thursday, and Friday respectively.
During the previous week, the price of gold decreased by a record-breaking Rs. 27,800
per tola. The strong drop in the open market rate of the US dollar over the week is largely to blame for the sharp decline in the price of gold.