Gold prices decline in Pakistan

KARACHI: Gold prices in Pakistan continued to decline on Tuesday, reflecting a decrease in international rates. In the local market, the price per tola fell by Rs500, settling at Rs256,000.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold dropped by Rs428, bringing it to Rs219,479.

On Monday, the price of gold per tola decreased by Rs300.

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Internationally, gold prices decreased on Tuesday. The APGJSA reported that the global rate was $2,410 per ounce (including a $20 premium) after it lost $17 during the day.

Silver rates also saw a reduction, dropping by Rs50 to Rs2,850 per tola.

Last week, the price of gold per tola increased by Rs2,400, to hit an all-time high level of Rs257,300.

Web Desk