Gold price per tola drops Rs800 in Pakistan

Business Recorder reported that gold rates in Pakistan slipped on Tuesday, tracking losses in the international market. During the day, the price of a tola fell by Rs800 to Rs437,336.

According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold sold for Rs374,945 after a Rs686 decrease. The tola stood at Rs438,136 on Monday, after a Rs12,800 fall during that session, while the international price of gold eased by $8 to $4,148 per ounce.

Silver also edged down by Rs20 to Rs6,558 per tola during the day. Both the local gold rates and the international quote therefore moved lower on Tuesday, according to the figures reported here. Local rates are quoted in rupees per tola, while the international gold rate is given in dollars per ounce.