Gold price in Pakistan drops Rs3,600 per tola

Business Recorder reported that gold prices in Pakistan moved lower on Tuesday, tracking losses in the international market. Figures from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put a tola of gold at Rs435,436, after a Rs3,600 drop during the day. A ten-gram quantity changed hands at Rs373,316, which was Rs3,086 less than before.

Compared with Monday, when the local tola rate was unchanged at Rs439,036, the latest figure marks a clear fall. On the global market, gold slipped $36 to $4,129 an ounce, matching the local direction. Silver remained flat at Rs6,234 per tola.

Gold is quoted domestically in both tola and ten-gram units, and both moved lower in the same daily update. The Rs3,600 move per tola and the Rs3,086 move per ten grams were both recorded within that single set of rates.