Gold price per tola drops Rs3,100 in Pakistan

Business Recorder reported that gold prices in Pakistan moved lower on Wednesday, tracking weakness in global markets. The price of one tola fell by Rs3,100 during the day to reach Rs434,436, after holding at Rs437,536 on Tuesday.

The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put the 10-gram price at Rs372,458, a decline of Rs2,658. Both local measures dropped on the same day, in line with the international market, which was also lower.

In international trading on the same day, gold lost $31 to settle at $4,119 per ounce, a move that matched the local decline. Silver also slipped Rs100 to Rs6,488 per tola in the same market during the day.