Gold price sheds Rs2,400 per tola

Gold prices in Pakistan fell on Monday, tracking losses in the international market. Rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) showed a tola selling at Rs463,136 after a daytime drop of Rs2,400. Ten-gram gold was priced at Rs397,064, down Rs2,058.

The international price of gold fell by $24 to $4,406 per ounce. Business Recorder said the local movement reflected that overseas loss. On Saturday, the local tola rate had stood at Rs465,536 after a fall of Rs3,600.

Silver also declined by Rs39, reaching Rs7,059 per tola. The report included silver alongside gold, giving readers a wider view of domestic precious metal prices. The rates shared by APGJSA list gold per tola and per 10 grams, so the two figures can be compared directly.