Gold price drops by Rs3,600 per tola in Pakistan

Gold rates in Pakistan slipped on Saturday in step with losses in the global bullion market, according to Business Recorder. The local price of one tola fell Rs3,600 during the day to reach Rs465,536, a move that followed the previous day's gain.

The All-Pakistan Gems and Jewellers Sarafa Association put the 10-gram rate at Rs399,122 after it dropped Rs3,086. Internationally, the metal shed $36 to close at $4,430 per ounce, and the quotation included a $20 premium.

On Friday, the tola price had stood at Rs469,136 after a Rs3,900 rise during that session. Both local and overseas quotations therefore moved lower over the same trading day. Silver followed a downward path as well, losing Rs63 to be quoted at Rs7,098 per tola.