Gold price decreases by Rs50 per tola

Karachi: Gold price in Pakistan decreased by Rs50 per tola in Pakistan on Monday. 

The gold price was dropped despite rupee depreciation — which dropped by 0.43% against the US dollar today.

According to All Sindh Saraf Jewellers Association (ASSJA), gold prices in the local bullion market dropped by Rs50 per tola to reach Rs125,400, while the price of 10 grams gold decreased by Rs42 to reach Rs108,368.

In the international market, the gold prices have been increased by US$4 per ounce and reached US$1856 per ounce. Yesterday, the gold price was $1852 per ounce.

Meanwhile, silver prices in the domestic market remained unchanged at Rs1,460 per tola and Rs1,251.71 per 10 grams today.

A day earlier, the precious commodity closed at Rs126,450 per tola and Rs108,410 per 10 grams.