Gold price plunges Rs1,600 in Pakistan

Karachi: Gold prices in Pakistan declined on Tuesday in line with their decrease in the international market. In the local market, gold price per tola reached Rs354,700 after a loss of Rs1,600 during the day.

As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs304,098 after it shed Rs1,372.

On Monday, gold price per tola reached Rs356,300 after a loss of Rs100 during the day.

The international rate of gold decreased on Tuesday. As per APGJSA, the rate was at $3,320 per ounce (with a premium of $20), a loss of $16.