Gold price drops Rs1,500 per tola as rupee strengthens against dollar

Karachi: Gold prices recorded Rs1,500 per tola decline in the local markets on Thursday, thanks to the partial strengthening of the Pakistan rupee against the greenback in the internabk market. 

As per All Sindh Sarafa Jewellers Association (ASSJA), the price of the yellow metal settled at Rs140,900 per tola.

Gold price also fell by Rs1,285 and closed at Rs120,800 per 10 gram. 

A day earlier, the price of gold closed at Rs142,200 with a decrease of Rs850 per tola. 

The price of yellow metal remained unchanged at $1,848 per ounce in the international market.