Markets

Gold price drops by Rs3,500 per tola in Pakistan

  • International rate of gold declines by $35 to reach $4,380 per ounce
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Summary new

Gold prices in Pakistan decreased on Thursday in line with their loss in the international market. In the local market, gold price per tola reached Rs460,436 after a decline of Rs3,500 during the day.

Similarly, 10-gram gold was sold at Rs394,749 after it fell by Rs3,001, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, gold price per tola reached Rs463,936 after a gain of Rs4,200 during the day.

The international rate of gold declined by $35 to reach $4,380 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs175 to reach Rs6,936 per tola.