Gold prices plunge in Pakistan, global markets

Karachi: Gold prices plummeted in the local and international markets on Monday. The price of yellow metal per tola reached Rs347,100 after it shed Rs1,600.

According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs297,582 after it registered a decline of Rs1,368.

On Friday, gold price per tola shed Rs3,300 to settle at Rs348,700. The international rate of gold declined by $16 to settle at $3,289 per ounce.