Gold price per tola drops Rs3,400 in Pakistan

Gold in Pakistan fell by Rs3,400 per tola on Wednesday to Rs427,436, Business Recorder reported, following a decline in international bullion prices. The All-Pakistan Gems and Jewellers Sarafa Association also placed the 10-gram rate at Rs366,457, down Rs2,915 for the day. On Tuesday, the per-tola price had closed at Rs430,836 after losing Rs1,500.

International gold shed $34 to reach $4,049 per ounce. Silver moved in the opposite direction locally, gaining Rs45 to Rs5,768 per tola. The latest figures show a further daily reduction in domestic gold rates, while the silver rate rose; the previous day’s gold price provides a comparison for the change.