Gold price in Pakistan falls Rs3,800 per tola

Business Recorder reported that gold prices in Pakistan moved lower on Thursday, in line with losses in the international market. The price of a tola fell by Rs3,800 during the day to reach Rs453,436. On Wednesday, the tola had risen by Rs7,900 to Rs457,236.

Rates shared by the All-Pakistan Gems and Jewellers Sarafa Association put 10-gram gold at Rs388,749 after a fall of Rs3,257. Internationally, gold declined $38 to $4,309 per ounce. Silver also slipped Rs73 to Rs6,869 per tola.

Both local and international rates moved lower on the same day, according to the figures reported. The update quotes local prices per tola and the international rate per ounce, so the two figures use different units.