Gold loses shine after three days, price plunges Rs1,800 per tola in Pakistan

Karachi: After witnessing upward trajectory for three consecutive days, gold prices plunged in Pakistan on Monday. The price of yellow metal rose by Rs1,800 per tola to reach Rs338,800 per tola in the local bullion markets.

Likewise, 10-gram gold was sold at Rs290,466 after it registered a decrease of Rs1,543, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Saturday, gold price per tola reached a fresh record at Rs340,600 after a single-day rise of Rs1,800.

The international rate of gold also decreased on Monday. As per APGJSA, the rate was at $3,218 per ounce (with a premium of $20), a decrease of $18 during the day.