Islamabad: Gold price in Pakistan fell massively on Tuesday on a per-tola basis, recording a price drop for the third consecutive session.
According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold decreased by Rs4,300 per tola and Rs3,686 per 10 grams to settle at Rs200,000 and Rs171,468, respectively.
The precious metal continues to remain investors’ favourite option to pour their money into as economic uncertainty continues to haunt the cash-strapped country, whose reserves have fallen to just above $3 billion.
Similarly, the much-awaited talks with the International Monetary Fund (IMF) have also entered their final phase, with Prime Minister Shehbaz Sharif admitting last week that they were giving a “tough time” to the finance minister and his team.
Similarly, silver prices in the domestic market also decreased by Rs20 per tola and Rs17.14 per 10 grams to settle at Rs2,230 and Rs1,911, respectively.
