Gold prices fall thousands in value in Pakistan

Karachi: Gold prices in Pakistan declined on Wednesday in line with their loss in the international market. The price of the yellow metal reached Rs437,362 after a decline of Rs7,538 per tola during the day.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs374,967 after it lost Rs6,463.

On Tuesday, gold prices remained stable in the local market at Rs444,900 per tola.

Meanwhile, the international rate of gold saw a decrease today. The rate was at $4,150 per ounce (with a premium of $20), a loss of $85, as per APGJSA.