Gold price falls by Rs4,200 per tola in Pakistan

Karachi: Gold price witnessed a decline in the local bullion market on Friday a day after it recorded Rs10,500 per tola hike.

The yelloe metal receded Rs4,200 per tola, data released by the All Sindh Saraf and Jewellers Association (ASSJA) showed.

The data further showed that the price of gold plunged by Rs4,200 per tola and Rs3,601 per 10 grams to settle at a record high of Rs158,300 and Rs135,717 in the local market.

A day earlier, the gold price jumped by a whopping Rs10,500 per tola and the price hit a historic-high of Rs162,500.

Cumulatively, since the start of the week on Monday gold has gained Rs12,000 per tola in the local bullion market.