Gold prices rise in Pakistan for fifth consecutive session

Karachi: Gold prices in Pakistan sustained their upward momentum, marking the fifth consecutive session of increases on Saturday.

This surge persisted despite a contrasting downward trend observed in the international market.

The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) unveiled data indicating a notable rise in the value of 24-carat gold.

The price climbed by Rs1,500 per tola, reaching an overall valuation of Rs226,800. Correspondingly, the price per 10 grams rose by Rs1,286, culminating at a figure of Rs194,444.

Concurrently, the global scene portrayed a contrasting narrative for the precious metal. Despite the prevailing positive trajectory in Pakistan, the international market witnessed a dip in gold prices.

The price of gold, commonly referred to as the "yellow metal," experienced a $5 decline, ultimately settling at $1,889 per ounce.