Gold sheds Rs1,800 per tola in Pakistan

Business Recorder reported that gold quotes in Pakistan moved lower on Tuesday, tracking softer trade in the international market. Per tola, the local rate slipped by Rs1,800 during the session to reach Rs455,736. The local decline came in line with the weaker overseas trend.

The All-Pakistan Gems and Jewellers Sarafa Association shared rates showing that 10-gram gold sold for Rs390,720 after losing Rs1,543. Monday's tola rate had stood at Rs457,536 after a Rs2,700 drop that day, so Tuesday's level sits lower again.

On the international front, bullion lost $18 to trade at $4,332 an ounce. Silver also eased by Rs62, reaching Rs7,038 per tola. Taken together, the figures show bullion softening both overseas and at home on Tuesday.