A day after witnessing a major drop, the price of gold rose once again in Pakistan on Monday in line with the rupee’s depreciation.
According to data shared by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) jumped by Rs1,100 per tola and Rs943 per 10 grams to reach Rs217,100 and Rs186,128, respectively.
The increase in the precious metal’s value came as the rupee depreciated again, falling Re0.31 or 0.11% against the US dollar in the interbank market.
It was also in line with the rate of gold in the international market which increased by $5 to settle at 2,008 per ounce.
