Gold price plummets Rs500 per tola in Pakistan

Lahore: Gold prices in Pakistan continued to drop on Wednesday, mirroring a decrease in international rates

In the local market, the price per tola fell by Rs500, settling at Rs255,500.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold dropped by Rs429, bringing it to Rs219,050.

On Tuesday, the price of gold per tola had also decreased by Rs500.

Internationally, gold prices dropped on Wednesday. The APGJSA reported that the global rate was $2,393 per ounce (including a $20 premium) after it lost $17 during the day.

Meanwhile, silver rates remained steady at Rs2,850 per tola.

Last week, the price of gold per tola had increased by Rs2,400, reaching an all-time high of Rs257,300.