Gold price rises

Following a major decline posted a day earlier, gold prices in Pakistan were little changed on Saturday as market participants awaited economic data for further direction. 

The price of gold registered a slight increase of Rs200 per tola and Rs172 per 10 grams to settle at Rs177,500 and Rs152,178, according to data released by All Pakistan Sarafa Gems and Jewellers Association (APSGJA).

A day earlier, gold recorded its first major drop of Rs3,350 per tola to Rs177,300 in Pakistan, breaking a 12-day-long streak of crazy gains almost every day.

During the week ended December 24, cumulative, the price of yellow metal gained Rs4,800, or 2.77%, per tola.