The price of gold in Pakistan experienced a drop at the beginning of the week. According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-carat gold decreased by Rs. 1,000 per tola, reaching Rs. 220,700.
The price of 10 grams of gold also decreased by Rs. 858, closing at Rs. 189,214.Gold prices have been increasing for several months, but in June, they have significantly decreased.
Since the beginning of the month, the price of gold has dropped by over Rs. 13,000 per tola.Although gold is currently trading below the all-time high of Rs. 240,000 per tola recorded on May 10, it has seen a slight increase in recent days after falling below Rs. 220,000 per tola.
In the international market, spot gold fell 0.4 percent to $1,948.89 per ounce, while US gold futures were down 0.5 percent to $1,960.90.