Gold price drops by Rs21,500 per tola in Pakistan

Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs490,362 after a decline of Rs21,500 during the day.

Similarly, 10-gram gold was sold at Rs420,406 after it fell by Rs18,433, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Saturday, gold price per tola reached Rs511,862 after a decline of Rs25,500 during the day.

The international rate of gold declined by $215 to reach $4,676 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs601 to reach Rs8,405 per tola.