Gold price drops by Rs11,000 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 Rs468,262 after a decline of Rs11,000 during the day.

Similarly, 10-gram gold was sold at Rs401,459 after it fell by Rs9,430, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, gold price per tola reached Rs479,262 after a gain of Rs15,200 during the day.

The international rate of gold declined by $110 to reach $4,455 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs340 to reach Rs7,484 per tola.