Islamabad: After receding in the last five consecutive sessions, the gold price in Pakistan jumped on Tuesday as clarity about the State Bank’s monetary policy regained investors’ faith.
According to the All Sindh Sarafa Jewellers Association, the price of gold on Tuesday shored up by Rs1,750 per tola and Rs1,458 per 10 grams to settle at Rs144,850 and Rs124,143, respectively.
In the last two sessions before Tuesday (Saturday and Monday), the price had plunged by Rs1950 per tola.
However, in the international market, the price of the precious metal declined by $9, wobbling near a one-week low.
Meanwhile, silver prices in Pakistan remained unchanged at Rs1,570 per tola and Rs1,346.02 per 10 grams.