Gold price drops by Rs 4,300 per tola in Pakistan
At a glance
- 24-karat gold price fell by Rs 4,300 to Rs 436,336 per tola.
- 10-gram gold price decreased by Rs 3,687 to Rs 374,087.
- The drop follows a $43 per ounce decline in the international market.
Story so far
Gold and silver prices have declined in Pakistan, reflecting a downturn in international bullion rates. The price of 24-karat gold dropped by Rs 4,300 to Rs 436,336 per tola, while 10-gram gold fell to Rs 374,087. Silver prices also decreased, with the per-tola rate falling by Rs 56 to Rs 6,522. This drop comes after a significant price hike the previous day, highlighting recent volatility in the market.
Latest development
The price of gold in Pakistan saw a significant decrease on Saturday, with the rate for 24-karat gold falling by Rs 4,300 per tola. The new price has settled at Rs 436,336 per tola. The decline is attributed to a drop in the international market, where gold fell by $43 per ounce.
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Gold, silver prices come down in Pakistan amid global decline
KARACHI – The gold and silver prices came down in the local markets across Pakistan following decline in the international…
Quite a significant drop in a single day. It highlights the market’s volatility for anyone considering gold as a stable, long-term saving.