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Pakistan sees major drop in gold prices amid global market decline

The new price of gold stands at Rs. 479,962 per tola after the decrease.

KARACHI: Gold prices across Pakistan have recorded a significant decline, with the price per tola falling by Rs. 3,800.

According to the All Pakistan Gems and Jewellers Association, the new price of gold stands at Rs. 479,962 per tola after the decrease.

Similarly, the price of 10 grams of gold has dropped by Rs. 3, 257, bringing it down to Rs. 411,490.

Meanwhile, in the international market, gold prices also witnessed a decline of $38, settling at $4,576 per ounce.

In line with the drop in gold prices, silver rates in local bullion markets also witnessed a decline.

According to market data, the price of silver per tola decreased by Rs.100 to reach Rs.7, 914. Similarly, the price of 10 grams of silver fell by Rs.86, bringing it down to Rs. 6,784.

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