Gold price per tola drops Rs3,700 in Pakistan

Gold prices in Pakistan eased on Wednesday, moving with losses in the international market, Business Recorder reported. A tola of gold was priced at Rs458,236 after a fall of Rs3,700 during the day, having held at Rs461,936 on Tuesday. The drop in the local rate was in line with a weaker international market, so the two moved in the same direction.

10-gram gold sold for Rs392,863 after dropping Rs3,172, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The international gold rate fell $37 to $4,358 per ounce, with a $20 premium, while silver declined Rs186 to Rs6,800 per tola in the local market. Local prices therefore track overseas bullion moves closely, which is useful context for anyone following the daily rate.