Gold price falls by Rs2,100 per tola as rupee strengthens against dollar

Karachi: Gold price plunged Rs21,00 per tola in local bullion markets after Pakistani rupee continued to register significant gains against the US dollar on Thursday.

Data released by All Sindh Sarafa and Jewellers Association (ASSJA) showed that the price of gold plummeted by Rs2,100 per tola and Rs1,800 per 10 grams to settle at Rs143,200 and Rs112,540 in the local market.

The gold hit an all-time high of Rs162,500 per tola on July 28.