Gold prices plunge in Pakistan as per tola rate drops by Rs10,800

Gold became markedly cheaper in Pakistan on Saturday, with the local rate for one tola falling Rs10,800 to Rs409,736, Business Recorder reported. The price for 10 grams also declined, dropping Rs9,259 to Rs351,282, based on rates released by the All-Pakistan Gems and Jewellers Sarafa Association.

The latest domestic fall followed another decrease on Friday, when a tola was priced at Rs420,536 after losing Rs5,100. International gold also moved lower, shedding $108 to reach $3,872 per ounce, while local silver slipped Rs142 to Rs5,388 per tola. The figures show declines across both precious metals in the local market, alongside a fall in the international gold benchmark.