Gold loses shine as price plunges Rs1,100 per tola in Pakistan

Karachi: Gold prices in Pakistan again dropped in the local bullion markets on Thursday in line with their decrease in international rates.

The price of yellow metal per tola declined by Rs1,100, clocking in at Rs274,400.

Similarly, 10-gram gold was sold at Rs235,254 after it recorded a loss of Rs943, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday, gold price increased by Rs600 to settle at Rs275,500.

The international rate of gold decreased by $11 to settle at $2,642 per ounce.