Gold price drops by Rs2,900 per tola in Pakistan

Gold prices in Pakistan decreased on Thursday in line with their loss in the international market. In the local market, gold price per tola reached Rs540,362 after a decline of Rs2,900 during the day.

Similarly, 10-gram gold was sold at Rs463,273 after it fell by Rs2,486, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, gold price per tola reached Rs543,262 after a gain of Rs3,700 during the day.

The international rate of gold declined by $29 to reach $5,176 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs179 to reach Rs9,175 per tola.