Gold price in Pakistan falls Rs1,500 per tola

Gold became cheaper in Pakistan on Tuesday, with the 24-karat rate reaching Rs430,836 per tola after a Rs1,500 decline. The 10-gram price for the same purity was Rs369,372, lower by Rs1,286, while 22-karat gold was quoted at Rs338,603 per 10 grams. Mettis Global said the rates came from the All-Pakistan Gems and Jewelers Sarafa Association.

Silver did not move in the local market: 24-karat silver stood at Rs5,723 per tola and Rs4,906 per 10 grams. Internationally, spot gold was near $4,081 an ounce, down $57.3, or 1.38%, from the prior session as investors waited for US inflation figures that could inform the Federal Reserve’s policy direction. These figures give Pakistani readers a snapshot of the day’s domestic bullion prices alongside the global market backdrop.