Gold sharply drops in Pakistan, global markets

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.