Gold price per tola drops Rs500 in Pakistan

Gold rates in Pakistan slipped on Saturday, tracking weaker prices in overseas markets, according to Business Recorder. The price of a tola of gold settled at Rs459,936 after a fall of Rs500 over the course of the day.

The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put 10-gram gold at Rs394,320, down Rs429 on the day. Silver moved in the opposite direction, rising Rs13 to Rs6,949 per tola. The association's rates cover both gold and silver for the session.

For comparison, the tola rate had stood at Rs460,436 on Thursday after a Rs3,500 decline that day. Internationally, gold eased $5 to $4,375 an ounce, with a $20 premium included. The decline on Saturday followed a larger fall on Thursday.