Gold prices drop by Rs1,000 per tola in Pakistan

Gold prices in Pakistan fell on Tuesday, tracking losses in the international market. According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association, a tola was priced at Rs462,136 after a Rs1,000 reduction during the day. The 10-gram price dropped by Rs857 to Rs396,207.

The international price of gold slipped by $10 to $4,396 per ounce, a move that local rates reflected. Business Recorder reported that the local tola rate had stood at Rs463,136 on Monday, after a Rs2,400 cut that day.

Silver moved in the opposite direction, rising by Rs10 to Rs7,069 per tola on the day. The report shows gold and silver moving in different directions on the same day. The daily bullion rates give a quick snapshot of how the metals are priced in the local market.