Gold price drops Rs600 per tola in Pakistan

Business Recorder reported that gold rates in Pakistan eased on Thursday, tracking losses in the international market. Per tola gold reached Rs462,336 after a daytime decline of Rs600. Ten-gram gold came down by Rs515 to Rs396,378, based on figures from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, the per tola price had stood at Rs462,936 following a gain of Rs800, so Thursday's figure sits below that level. Internationally, gold declined by $6 to $4,398 per ounce, a move that mirrored the local trend. Silver also moved lower, with its per tola price easing by Rs17 to Rs7,124 on the day.

Taken together, the figures show a softer day for bullion in both local and international markets. Gold and silver both recorded declines in the per tola rates shared by the association.