Gold price drops by Rs3,500 per tola in Pakistan

Business Recorder reported that gold prices in Pakistan fell on Thursday, tracking losses in the international market. The local price of gold per tola settled at Rs460,436 after a drop of Rs3,500 during the day. Rates shared by the All-Pakistan Gems and Jewellers Sarafa Association put the 10-gram price at Rs394,749, down Rs3,001.

On Wednesday, the tola price had stood at Rs463,936 following a Rs4,200 gain during that session. Overseas, the international rate fell by $35 to $4,380 per ounce, with a $20 premium included.

Silver moved lower as well, with its price per tola down Rs175 to Rs6,936. The figures reflect local bullion moving alongside overseas trading during the session, based on the rates published for the day.