Gold price drops by Rs1,100 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 Rs439,836 after a decline of Rs1,100 during the day.

Similarly, 10-gram gold was sold at Rs377,088 after it fell by Rs943, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold price per tola reached Rs440,936 after a gain of Rs12,200 during the day.

The international rate of gold declined by $11 to reach $4,174 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs48 to reach Rs6,716 per tola.