Gold price drops by Rs1,200 per tola in Pakistan

Gold prices in Pakistan decreased on Wednesday in line with their loss in the international market. In the local market, gold price per tola reached Rs498,962 after a decline of Rs1,200 during the day.

Similarly, 10-gram gold was sold at Rs427,779 after it fell by Rs1,029, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, gold price per tola reached Rs500,162 after a decline of Rs1,000 during the day.

The international rate of gold declined by $12 to reach $4,766 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs34 to reach Rs8,324 per tola.