Gold price drops by Rs700 per tola in Pakistan

Gold prices in Pakistan decreased on Saturday in line with their loss in the international market. In the local market, gold price per tola reached Rs496,962 after a decline of Rs700 during the day.

Similarly, 10-gram gold was sold at Rs426,064 after it fell by Rs600, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold price per tola reached Rs497,662 after a gain of Rs3,000 during the day.

The international rate of gold declined by $7 to reach $4,746 per ounce (with a premium of $20).

Meanwhile, the price of silver increased by Rs50 to reach Rs8,064 per tola.