Gold price declines by Rs100 per tola in Pakistan

Gold prices in Pakistan slipped on Saturday, tracking a fall in the international market, according to Business Recorder. The price of one tola dropped by Rs100 during the day to Rs460,236. Figures from the All-Pakistan Gems and Jewellers Sarafa Association put 10-gram gold at Rs394,578, down Rs85.

Friday had seen a larger move, with the tola rate climbing Rs6,900 to Rs460,336 during the day. Internationally, gold lost $1 to trade at $4,377 per ounce. Silver also eased, falling Rs69 to Rs7,100 per tola.

Compared with Friday's Rs6,900 gain, the Saturday decline of Rs100 was considerably smaller. Both 10-gram gold and silver also recorded lower rates on Saturday, with the Rs85 and Rs69 declines respectively.