Gold price per tola drops Rs3,500 in Pakistan

Local gold rates in Pakistan moved lower on Thursday, tracking losses in the international market, Business Recorder reported. The price of one tola fell Rs3,500 during the day to reach Rs460,436. Rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put 10-gram gold at Rs394,749 after a Rs3,001 drop.

On Wednesday, the tola had risen to Rs463,936 after a Rs4,200 gain, so Thursday's move reversed part of that rise. Internationally, gold lost $35 to $4,380 per ounce, a figure that includes a $20 premium.

In rupee terms, silver's Rs175 decline to Rs6,936 per tola was far smaller than the Rs3,500 fall recorded for gold. The report's figures reflect the day's rates from the APGJSA and the international market.