Gold price drops by Rs3,400 per tola in Pakistan

Gold in Pakistan fell on Wednesday, with the per-tola rate down Rs3,400 to Rs427,436, Business Recorder reported, citing figures from the All-Pakistan Gems and Jewellers Sarafa Association. The 10-gram price also eased, losing Rs2,915 to stand at Rs366,457. These local declines came alongside a weaker international gold rate.

The overseas price slipped $34 to $4,049 per ounce. The latest local move followed Tuesday’s decline of Rs1,500, when a tola was valued at Rs430,836. Silver moved in the opposite direction on Wednesday, gaining Rs45 to reach Rs5,768 per tola. Together, the figures provide an update on precious-metal rates in Pakistan, with gold and silver showing different daily movements.