Gold price drops by Rs12,627 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 Rs442,436 after a decline of Rs12,627 during the day.

Similarly, 10-gram gold was sold at Rs378,170 after it fell by Rs11,364, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, gold price per tola reached Rs455,063 after a gain of Rs2,830 during the day.

The international rate of gold declined by $126 to reach $4,200 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs385 to reach Rs6,929 per tola.