Gold price per tola drops Rs600 in Pakistan

Gold rates in Pakistan eased on Tuesday, tracking softer international prices, according to Business Recorder. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put the local tola price at Rs486,536, a drop of Rs600 over the day. 10-gram gold changed hands at Rs417,126 after losing Rs514.

On Monday, the tola rate had stood at Rs487,136 after gaining Rs4,200 during the session. The international gold rate slipped $6 to $4,640 per ounce, with a $20 premium on top. Silver was marked down Rs100 to Rs7,279 per tola.

The APGJSA figures show local bullion prices moving in the same direction as the overseas market during the day. Both the tola and 10-gram measures recorded declines, with the per-tola rate falling from its Monday level.