Gold price per tola drops Rs1,000 in Pakistan

Business Recorder reported that gold rates in the country eased on Tuesday, tracking weakness abroad. Gold per tola stood at Rs462,136, which was Rs1,000 lower on the day. Rates shared by the All-Pakistan Gems and Jewellers Sarafa Association put 10-gram gold at Rs396,207, down Rs857.

Internationally, gold shed $10 an ounce to $4,396, and the local decline tracked that loss. Silver moved the other way, adding Rs10 to Rs7,069 per tola. Local figures in this report are quoted per tola, while the international rate is quoted per ounce.

A day earlier, the local tola price had fallen Rs2,400 to Rs463,136. Taken together, the two sessions show the local gold rate falling on consecutive days, while silver rose on Tuesday.