Gold prices in Pakistan fall Rs12,800 per tola

Business Recorder reported that gold prices in Pakistan fell on Monday, tracking losses in the international market. The price of one tola dropped by Rs12,800 during the day to reach Rs438,136. Ten-gram gold was quoted at Rs375,631 after a fall of Rs10,973, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Gold had stood at Rs450,936 per tola on Saturday, after a Rs2,100 decline that day. Internationally, the metal lost $128 to trade at $4,156 per ounce. Against that Saturday level, the local tola rate has now dropped sharply in just one session.

Silver in the domestic market slipped Rs325 to Rs6,578 per tola. The local gold decline was considerably larger in rupee terms during the same day.