Hi Everyone! Hope you are all doing well. Welcome back to another blog. In this blog, we will talk about, Price of Gold on 30-05-2023. On Tuesday, the prices of gold in Pakistan witnessed a notable drop for the second consecutive day, reaching a closing rate of Rs. 232,800 per tola.
As per the recent data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), it has been reported that the price of gold, specifically the 24-carat variant, has experienced a significant decrease. The cost per tola has witnessed a decline of Rs. 1,700, bringing it down to Rs. 232,800. Furthermore, the price of 10 grams of gold has also seen a notable drop of Rs. 1,458, ultimately settling at Rs. 199,588.
The price of gold experienced a significant drop of Rs. 1,700 per tola on Monday. This downward trend continued, resulting in a total decrease of nearly Rs. 3,500 per tola during the initial two days of the week. In the past week, there has been a notable surge in gold, witnessing an upward trend of Rs. 900 per tola. Preceding this, during the week prior, the price of gold experienced a substantial rise of Rs. 1,300 per tola.
In the international market, the value of spot gold experienced a notable increase, jumping by 0.6 percent to reach $1,954.79 per ounce at 1045 GMT. Similarly, the US gold futures exhibited a positive trend, rising by 0.49 percent and settling at $1,954.00.
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