Gold price drops by Rs1,600 after reaching record high

(Web Desk): After reaching its highest level, the price of gold has suddenly dropped by 1,600 rupees today.

All Pakistan Sarafa Jewellers Association reported that the price of 24-carat pure gold decreased by Rs1,600, bringing it down to Rs301,500 per tola.

Similarly, the price of 24-carat gold per 10 grams dropped by Rs1,372, reaching Rs258,487, while the price of 22-carat gold per 10 grams was recorded at Rs236,955.

Meanwhile, the prices of silver remained stable, with the per tola price at Rs3,312 rupees and the 10-gram price at Rs2,839.

The association reported that the global price of gold per ounce dropped by 16 dollars, reaching 2,888 dollars.

It is noteworthy that on February 10, the price of gold per tola had reached a new peak of Rs303,000 rupees, following an increase of Rs4,000.