Gold price in Pakistan plunges by Rs10,900 per tola

Gold became cheaper in Pakistan on Thursday, with the per-tola rate dropping Rs10,900 to Rs416,536, Business Recorder reported. The 10-gram rate also declined, falling Rs9,345 to Rs357,112, according to the All-Pakistan Gems and Jewellers Sarafa Association.

The move followed a fall in international bullion, where gold lost $109 to reach $3,940 per ounce. Local gold had already shed Rs3,400 on Wednesday, while silver slipped Rs163 on Thursday to Rs4,782 per tola. The figures provide investors and consumers with an updated view of domestic precious-metal rates.