Gold price per tola drops Rs3,500 in Pakistan
- International rate of gold declines by $35 to reach $4,605 per ounce
Gold prices in Pakistan experienced a notable decrease on Thursday, aligning with a decline in the international market, with per tola gold dropping by Rs3,500.
- Local gold price per tola and 10-gram declines.
- International gold market price drop.
- Silver price increase in the local market.
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 Rs483,036 after a decline of Rs3,500 during the day.
Similarly, 10-gram gold was sold at Rs414,125 after it fell by Rs3,001, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Tuesday, gold price per tola reached Rs486,536 after a decline of Rs600 during the day. The gold market was closed on Wednesday on account of Eid-Mild-un-Nabi holiday.
The international rate of gold declined by $35 to reach $4,605 per ounce (with a premium of $20).
However, the price of silver increased by Rs50 to reach Rs7,329 per tola.