Gold price in Pakistan falls Rs3,700 per tola

Mettis Global reported that the All-Pakistan Gems and Jewelers Sarafa Association posted lower gold quotes on Wednesday. The 24-karat price stood at Rs458,236 per tola, a fall of Rs3,700 from the previous day. Per 10 grams, the same metal was quoted at Rs392,863 after a reduction of Rs3,172.

Silver also moved lower in the local market, with 24-karat silver priced at Rs6,800 per tola after a drop of Rs186. The per 10-gram silver rate was Rs5,829, down Rs160. The 22-karat gold rate per 10 grams was quoted at Rs360,137, also lower.

Outside the country, spot gold traded near $4,370 an ounce, rising $37.3 or 0.86% from the prior session. The domestic decline and the global rise ran in opposite directions on the same day.