Gold ends third consecutive week on a positive note with 1.67 percent gain, though it shed 3.59 percent in 2021.However, on a month-on-month basis, the gold price surged 3.44 percent ($60.90) from $1,768.90 on November 30 to $1829.80 on December 31, 2021.
Gold in the international market opened at $1,799.70 per ounce on Monday last and closed at $1,829.80 on the last session of the week, showing the highest close since November 19. During 2021, the gold price dropped by $68.20 (-3.59 percent) from $1,898.10 per ounce to $1,829.80.
The price of 10 grams gold in Pakistan, meanwhile, decreased from Rs103,550 to Rs103,450 during the last week, down by 0.10 percent. The depreciation in local gold price was due to the rupee’s depreciation against the US dollar during the period under review. —TLTP
