Business
Gold rate sees major drop in Pakistan
Gold price in Pakistan fell for the third straight session on Wednesday following the rupee’s appreciation against the dollar and a scurry in the market for bullion ahead of Ramadan.
Data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold (24 carats) plunged by Rs2,300 per tola and Rs1,971 per 10 grams to settle at Rs201,900 and Rs173,097.
Cumulatively, the safe-haven metal has fallen from Rs208,300 per tola to Rs201,900 in three sessions after registering losses of Rs6,400 per tola.
