Gold price drops by Rs600 per tola in Pakistan

Business Recorder reported that gold prices in Pakistan slipped on Tuesday, tracking weaker international markets. The price per tola settled at Rs486,536 after a daytime drop of Rs600. The decline followed a rise on Monday, when the local rate had climbed by Rs4,200.

According to rates from the All-Pakistan Gems and Jewellers Sarafa Association, 10-gram gold sold for Rs417,126 after losing Rs514. The international benchmark eased by $6 to $4,640 per ounce, and the quoted premium was $20. Silver also weakened, dropping Rs100 to Rs7,279 per tola.

The local figures show a two-day pattern of movement, with the tola rate rising on Monday and falling on Tuesday. Taken together, the readings show domestic bullion prices moving in step with overseas prices during the session.