Gold price per tola fall by Rs1,600 in Pakistan

Business Recorder reported that gold prices in Pakistan slipped on Saturday, moving in step with the drop in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association, a tola of gold stood at Rs439,036 after falling Rs1,600 during the day. Ten grams of gold were priced at Rs376,402 following a decline of Rs1,372.

The previous session on Friday had seen the tola priced at Rs440,636, after a rise of Rs2,800. Overseas, gold lost $16 per ounce, sliding to $4,165. Silver also moved lower, losing Rs81 to trade at Rs6,175 per tola.

The association's figures reflect the day's movement in both local and global markets. Gold and silver both fell in the local market on Saturday, according to the report.