Gold price drops by Rs800 per tola in Pakistan

Business Recorder reported that gold rates in Pakistan eased on Tuesday, tracking weaker moves in the international market. In the local market, a tola of gold was priced at Rs465,336 after shedding Rs800 during the day.

Rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put 10-gram gold at Rs398,950, a Rs686 reduction. The tola had stood at Rs466,136 on Monday after a Rs1,800 decline during that session. Gold bullion prices in the local market have therefore moved lower across the two sessions. Both figures were reported for the local market.

The international gold rate declined by $8 to $4,428 per ounce, a figure that includes a $20 premium. Silver also weakened, with its price down by Rs50 to Rs7,129 per tola during the session.