The gold prices in both global and local markets increased on the first day of the business week on June 30.
According to the report, the price of gold per ounce in the international bullion market increased by $8 to $3,282.
Due to the increase in the global market, the price of gold per tola in the country also increased by Rs800 to Rs350,200.
In addition, the price of gold per ten grams increased by Rs686 to Rs3240.
It should be noted that a decrease in gold prices was recorded last week, and on Friday and Saturday, gold per tola became cheaper by a total of Rs8,782.
Read also: Gold prices in Pakistan decrease as global rates decline
Gold prices in Pakistan continued their downward trend on Saturday, with a sharp decline of Rs1,600 per tola.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold dropped to Rs349,400 per tola, while the rate for 10 grams decreased by Rs1,371, settling at Rs299,554.
In the global market, gold prices also fell by $16 per ounce, bringing the international rate to $3,274.
This drop follows a major fall of Rs5,000 per tola just a day earlier, which brought local prices down to Rs351,000 after a long period of steady increases.
Traders say the decline is mainly due to falling global prices and cautious investor behaviour.
Meanwhile, Topline Securities shared banking insights, revealing that over 70% of commercial bank accounts in Pakistan hold deposits below Rs50,000. Another 26% have balances between Rs50,000 and Rs1 million, while only 3% of accounts contain more than Rs1 million.
State Bank of Pakistan data also showed that financial inclusion has improved significantly, with the percentage of people owning a bank account rising from 16% in 2015 to 64% in 2023.
