Gold loses Rs5,600 per tola in Pakistan amid global market losses

Gold rates in Pakistan eased on Friday, mirroring losses in the global bullion market, Business Recorder reported. The tola price slipped Rs5,600 in a single session to Rs456,736, while 10-gram gold went for Rs391,577 after a Rs4,801 drop. Both quotes were released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Thursday, the tola had reached Rs462,336 after a smaller decline of Rs600. Internationally, the ounce rate fell by $56 to $4,342 earlier in the day, and the local market moved in the same direction. Silver also weakened, slipping Rs253 to Rs6,871 per tola.

Taken together, the figures show gold and silver both trading lower in Pakistan on Friday, following the global trend. The international gold rate is quoted per ounce, while local prices are given per tola and 10 grams.