Gold prices decline in Pakistan, global markets

Karachi: Gold prices in Pakistan plunged on Friday in line with their loss in the international market. In the local market, the gold price per tola reached Rs387,500 after a decline of Rs1,100 during the day.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs332,218 after it lost Rs943.

On Thursday, the gold price per tola was unchanged at Rs388,600.

The international rate of gold also declined by $11 to settle at $3,657 per ounce (with a premium of $20).