Gold price per tola drops Rs11,300 in Pakistan

Gold prices in Pakistan moved lower on Wednesday, tracking losses in the international market. Business Recorder reported that a tola of gold stood at Rs454,036 after a daytime decline of Rs11,300. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put the 10-gram rate at Rs389,262, down Rs9,688.

On Tuesday, the tola had reached Rs465,336 after a Rs800 decline during that session, so Wednesday's drop was far steeper. Internationally, gold fell $113 to $4,315 per ounce, and a $20 premium was noted with that figure. The local slide therefore reflected the weaker overseas market.

Silver also weakened over the same period, dropping Rs270 to Rs6,859 per tola. Together, the moves in gold and silver show how closely domestic bullion prices track global benchmarks.