Markets

Gold price drops by Rs1,400 per tola in Pakistan

  • Price of silver increases by Rs11 to reach Rs6,432 per tola
Published Updated
1 min
Summary new

Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs432,436 after a decline of Rs1,400 during the day.

Understanding why gold prices are falling

Similarly, 10-gram gold was sold at Rs370,744 after it fell by Rs1,200, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Thursday, gold price per tola reached Rs433,836 after a gain of Rs3,600 during the day.

The international rate of gold declined by $14 to reach $4,100 per ounce (with a premium of $20).

Meanwhile, the price of silver also increased by Rs11 to reach Rs6,432 per tola.