The gold price fell further in Pakistan on Saturday as rising economic indicators diminished the appeal of the safe-haven asset on the local bullion market.
According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) decreased by Rs1,600 per tola and Rs1,372 per 10 kilos to a final price of Rs200,000 and Rs171,468.
While the price of yellow metal declined by more than Rs3,000 during two trading sessions, it gained Rs5,900, or 3.03% per tola, cumulatively over the week ending March 4.
The precious commodity reached an all-time high of 210,500 per tola on January 30, 2023; however, the gold price began falling after the rupee recovered in anticipation of the International Monetary Fund’s (IMF) $6.5 billion rescue program’s renewal.
 decreased by Rs1,600 per tola and Rs1,372 per 10 kilos to a final price of Rs200,000 and Rs171,468.){kind=link}