Gold price drops by Rs2,700 per tola in Pakistan

Business Recorder reported that gold rates in Pakistan eased on Monday, following a weaker global market. Over the course of the session, a tola of gold lost Rs2,700 and stood at Rs457,536.

The APGJSA, the All-Pakistan Gems and Jewellers Sarafa Association, shared rates showing 10-gram gold at Rs392,263 after a Rs2,315 fall. Internationally, the ounce price dropped by $27 to $4,350. Silver was unchanged at Rs7,100 per tola.

The local movement followed the international market, where gold lost ground during the same period, as the report explained. Compared with Saturday, when a tola was priced at Rs460,236 after a Rs100 decline, Monday's rate is noticeably lower. Silver, by contrast, recorded no change in its tola price.