Gold prices drop in Pakistan as global rates fall

The local price per tola dropped by Rs1,900, mirroring a decline in international markets.

Listen to article

Gold prices in Pakistan fell on Thursday, mirroring a decline in international markets. The local price per tola dropped by Rs1,900 to Rs347,500.

Similarly, 10-gram gold declined by Rs1,629, selling at Rs297,925, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Internationally, gold fell by $19 to $3,291 per ounce (with a $20 premium), the APGJSA reported. On Wednesday, gold prices had risen by Rs6,600 to reach Rs349,400 per tola.

Meanwhile, silver prices also slipped, with the per tola rate down by Rs38 to Rs3,428.