Gold price drops by Rs15,100 per tola in Pakistan

Gold rates in Pakistan fell on Saturday, tracking losses in the international market, according to Business Recorder. One tola was priced at Rs467,936 after a daily decline of Rs15,100. The 10-gram rate stood at Rs401,179 following a drop of Rs12,946, based on figures shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Prices had held steady in both local and global markets on Friday, the report noted. Overseas, gold slid $151 to $4,454 per ounce, and that ounce rate carried a premium of $20. Silver also moved lower, down Rs397 to Rs7,112 per tola.

The report said the local decline mirrored the weaker overseas trend. Domestic quotes for the tola and 10-gram rates therefore move with global bullion prices, the report added.