Gold price drops by Rs3,000 per tola in Pakistan

Local gold rates slipped on Wednesday, tracking a weaker international market, Business Recorder reported. During the day, the price of one tola fell by Rs3,000 to Rs437,836. The fall reflects the decline seen in overseas trading that day.

The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put the 10-gram price at Rs375,373, a drop of Rs2,572. On Tuesday, the tola had stood at Rs440,836 following a Rs900 gain during that day's trading. Rates were reported for both the per-tola and 10-gram measures, giving readers two reference points for the same metal.

Internationally, gold was down $30 at $4,153 per ounce. Silver also eased by Rs172, leaving the local tola price at Rs6,360. Taken together, the moves in gold and silver point to a softer session across both metals.