On Saturday, the price of gold in Pakistan fell for the sixth day in a row, closing the day at Rs. 212,000 a tola.
The price of gold (24 carats) reduced by Rs. 500 per tola to Rs. 212,000, according to data issued by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), and the price of 10 kilos decreased by Rs. 428 to close at Rs. 181,756 on Saturday.
On Monday, the price of gold decreased somewhat by Rs. 700 per tola to start the week. On Tuesday, Wednesday, Thursday, and Friday, respectively, the price drops were Rs. 6,300, Rs. 10,500, Rs. 5,800, and Rs. 4,000 a tola.
During the previous week, the price of gold dropped to 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.