Gold prices in Pakistan decline Rs3,000 per tola amid global losses

Gold prices in Pakistan fell on Thursday, tracking losses in global bullion trading. According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association, a tola of gold ended the day at Rs438,636, down Rs3,000 from the previous session. Ten-gram gold was priced at Rs376,059 after a fall of Rs2,572.

Compared with Wednesday, when the tola rate stood at Rs441,636 following a Rs4,300 rise, the latest reading marks a clear reversal. Bullion in global trading lost $30, bringing the ounce price to $4,161. Silver also eased by Rs50, reaching Rs6,528 per tola.

Both the tola and 10-gram figures moved lower on Thursday, according to the association's rates. The silver drop was smaller than the gold decline per tola, at Rs50 compared with Rs3,000.