Gold price in Pakistan drops Rs1,600 per tola

Gold prices in Pakistan dropped on Saturday following losses in the global market, reproted 24NewsHD TV Channel. 

According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price per tola dropped by Rs1,600 to settle at Rs422,562. Similarly, 10-gram gold fell by Rs1,372 to Rs362,278. On Friday, gold prices had risen by Rs5,300 per tola, reaching Rs424,162. The recent decline reversed part of this gain. Market analysts said international trends and global investor sentiment influenced local prices.

The international gold rate also fell today. APGJSA reported the price at $4,002 per ounce with a $20 premium. This reflected a decrease of $16 during the day. Silver prices in Pakistan also saw a decrease. The rate dropped by Rs65 per tola, closing at Rs5,127. Traders said the decline followed international silver price trends.

Analysts claim market volatility may continue in the coming days.