Hi Everyone! I hope you are all doing well. Welcome back to another blog. In this blog, we will talk about, Gold Price on 01-06-2023. On Thursday, there was a substantial decline in the price of gold in Pakistan, causing it to record a significant drop. This decline marked the third consecutive day in the current week where the price of gold has experienced a decrease.
According to the recently published data by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), there has been a notable decline in the price of 24-carat gold. The latest figures reveal a decrease of Rs. 5,400 per tola, bringing the price down to Rs. 229,000. Similarly, the price of 10 grams witnessed a significant drop of Rs. 4,629, reaching a closing value of Rs. 196,331.
The ongoing trend in the market reveals a significant decline in the price of gold. In a span of just four sessions this week, the cumulative drop amounts to an astonishing Rs. 7,200 per tola. Taking a closer look at the international market, spot gold has experienced a notable decrease of 0.11 percent, currently valued at $1,960.09 per ounce as of 1014 GMT. Similarly, the US gold futures have also taken a hit, showing a decline of 0.2 percent, with the current price standing at $1,977.30.
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