KARACHI: In line with its last day’s momentum, gold price in Pakistan plunged by Rs1,850 per tola to settle at Rs145,300 on hopes that the economic situation in the country will improve after progress in talks with the International Monetary Fund (IMF).
The decline was in line with the dealers’ expectation of the market to undergo a correction after scaling to new peaks in previous sessions.
According to All Sindh Sarafa Jewellers Association (ASSJA), the price of gold settled at Rs145,300 per tola. While the price of 10 grams of gold declined by Rs1,586 to settle at Rs145,300.