Gold loses shine as price plummets thousands of rupees in Pakistan

Karachi: Gold prices in Pakistan plunged on Thursday in line with their decrease in the international market. In the local market, gold price per tola reached Rs359,000 after a loss of Rs5,900 during the day.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs307,784 after it shed Rs5,058.

On Wednesday, gold price per tola reached Rs364,900 after a gain of Rs3,700 during the day.

The international rate of gold decreased on Thursday. As per APGJSA, the rate was at $3,363 per ounce (with a premium of $20), a loss of $61.