Gold price per tola drops Rs6,500 in Pakistan

Gold in Pakistan fell on Friday, with the per-tola rate closing at Rs429,136 after a Rs6,500 decline, Business Recorder reported. The local move followed a retreat in international bullion prices. The 10-gram rate also eased, losing Rs5,573 to stand at Rs367,914, according to figures from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The latest drop followed Thursday’s Rs9,600 increase, when local gold reached Rs435,636 per tola. Overseas, gold lost $65 to trade at $4,066 an ounce. Silver prices in Pakistan also weakened, slipping Rs85 to Rs5,678 per tola. These rate changes give investors and consumers a fresh indication of movements in precious-metal markets, while the report provides no company-specific development.