Price of pure gold reduced by Rs400 per tola
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On Friday, the Pakistani market also observed a decrease in prices of pure silver (24 karats) by Rs30 and the rate of it came down to Rs1520.
It is worth mentioning that a gold karat is 1/24 part, or 4.1667 per cent, of the whole, and the purity of a gold alloy is expressed as the number of these parts of gold it contains. Thus, an object that contains 16 parts gold and 8 parts alloying metal is 16-karat gold, and it is also called pure gold.