Business
Gold price declines by Rs2,600 per tola
In the International market, the price of pure gold of 24 karats increased by $7 per ounce to $1,926 per ounce.
Karachi: The Gold price in Pakistan declined by Rs2,600 per tola on Monday.
As per the information provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the cost of 24-carat gold experienced a decline of Rs2,600 per tola, reaching a value of Rs2,09,400.
Similarly, the price of 10 grams of 24-karat pure gold lost by Rs2,229 and traded at Rs1,90,586.
Meanwhile, the yellow metal of 22 karats of gold which is usually used for jewellery making, sold at the rate of Rs 1,64,566 per 10 grams.
In the International market, the price of pure gold of 24 karats increased by $7 per ounce to $1,926 per ounce, as reported by the association.
On the other hand, the price of 24 karat silver per tola and per 10 grams also remained the same at Rs2,800 and Rs2,400.5 respectively.