*The gold price in Pakistan continued to decline on the second consecutiveday during the ongoing week, decreasing by Rs5100 per tola on Tuesday.*

According to the All Pakistan Jewellers Manufacturers Association, the pertola price of gold decreased by Rs5100 to Rs140,500 while the price of 10grams reduced by Rs372 to Rs120,456.

The gold prices declined following the appreciation of the rupee againstthe US dollar after the International Monetary Fund (IMF) approved therevival of Pakistan’s bailout programme.*Rupee recovers *

The Pakistani rupee jumped by Rs1.80 against the US dollar in the interbankmarket after the International Monetary Fund (IMF) revived the much-awaitedbailout programme.

According to the data shared by the State Bank of Pakistan (SBP), thePakistani rupee closed at Rs220.12 after gaining Rs1.80 against the USdollar, up 0.82 percent.

The rupee’s recovery comes after the International Monetary Fund (IMF)approved the seventh and eighth reviews of Pakistan’s Extended FundFacility Programme (EFF).