Gold price loses shine by Rs5,500 per tola in Pakistan
Caption: Representational image.
The price of 24-karat gold plunged by Rs5,500 per tola and was sold at Rs470,162 on Monday as compared to Rs475,662 on the previous trading day, reported 24NewsHD TV channel.
According to All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold also dropped by Rs4,715 to Rs403.088 from Rs407,803, while 10 grams of 22-karat gold declined by Rs4,323 to Rs369,510 from Rs373,833.
In the international market, the price of gold fell by $55 to $4,478 from $4,533 per ounce.
Likewise, the price of silver per tola decreased by Rs332 to Rs8,075, while 10 grams of silver went down by Rs284 to Rs6,923. International silver prices also dropped by $3.32 to $76.00 per ounce.
Reporter Ashraf Khan