Gold price falls by Rs3,500 per tola

Karachi: Gold price plunged by Rs3,500 per tola and Rs3,001 per 10 grams to settle at Rs154,900 and Rs131,945 in the local market on Tuesday.

According to the All Sindh Saraf and Jewellers Association (ASSJA), the yellow metal reached an all-time high of Rs162,500 per tola on July 28.

The price of per tola silver increased by Rs10 and was sold at Rs1630 whereas that of and ten gram silver went up by Rs.8.57 and was sold at Rs.1406.03.

The price of gold in international market increased by $6 and was sold at $1780 against its sale at $1774, the association reported.