Gold retreats, falls Rs4,200 per tola in Pakistan

Gold prices in Pakistan reversed course and fell on Friday in line with the decline in the international rate. The yellow metal was priced at Rs228,200 per tola after shedding Rs4,200 during the day.

The 10-gram gold was sold at Rs195,645 after a decrease of Rs3,600, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Thursday, gold rates in Pakistan had increased by Rs4,600 per tola.

With a premium of $20, the international rate of gold on Friday was set at $2,185 per ounce, after a decline of $40 in the international market, APGJSA said.

Meanwhile, silver rates decreased by Rs20 to settle at Rs2,580 per tola.