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Markets

Gold price drops by Rs1,400 per tola in Pakistan

  • Price of silver increases by Rs11 to reach Rs6,432 per tola
Published Updated

Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs432,436 after a decline of Rs1,400 during the day.

Understanding why gold prices are falling

Similarly, 10-gram gold was sold at Rs370,744 after it fell by Rs1,200, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Thursday, gold price per tola reached Rs433,836 after a gain of Rs3,600 during the day.

The international rate of gold declined by $14 to reach $4,100 per ounce (with a premium of $20).

Meanwhile, the price of silver also increased by Rs11 to reach Rs6,432 per tola.

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