After experiencing a declining trend for the previous two days, gold has made a strong comeback on Saturday as the IMF imposed another requirement of security guarantee of $8 billion on external payments for the revival of loan programme.
According to the All – Pakistan Sarafa Gems and Jewellers Association’s (APSGJA) data, the price of per tola gold has increased by 3,200 which is close at Rs. 234,000 where as the price of 10 grams 24 carats gold went down by Rs2,743 at Rs200,617.
In the global market, the price of the precious commodity rose by $5 to settle at $2,010 per ounce.
At the same time, the price of silver has increased by Rs85.74 per 10 grams and Rs. 100 per tola to reach Rs. 2,486.28 and Rs. 2,900 respectively.