Business
Gold sharply drops in Pakistan, global markets
Silver price increased by Rs20 per tola
Gold price sharply dropped in global and local markets on Tuesday.
According to reports, the precious metal has been extremely volatile since Russia-Ukraine conflict started in February.
According to the All Sindh Sarrafa and Jewelers Association, the price of 24-k gold recorded a sharp decrease of Rs1,350 per tola. It is now being sold at Rs129,200. The price of 10-gram gold decreased by Rs1,157. The price of silver also brings down by Rs20-Rs 1,500
Meanwhile in the international market, the precious commodity fell by $41 per ounce and settled at $1,925.
The silver price, however, has increased in Pakistan. It recorded an increase of Rs20 per tola and Rs17.14 per 10-grams.
It is being sold at Rs1,500 and Rs1,286, respectively.