Gold price per tola drops Rs2,100 in Pakistan

Business Recorder reported that gold rates in Pakistan slipped on Monday, tracking weaker prices in the international market. The price of a tola fell Rs2,100 during the day to Rs439,936 in the local market. A 10-gram unit closed at 377,174, down Rs1,800, according to figures from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Gold had closed at Rs442,036 per tola on Saturday after a Rs1,100 rise that day. Silver also eased, losing Rs23 to stand at Rs6,532 per tola. Abroad, the metal was down $21 to $4,174 an ounce.

The local decline followed the international fall, and the 10-gram price moved lower too. Silver's drop of Rs23 was far smaller than gold's Rs2,100 fall in rupee terms.