Gold price plunges Rs1,600 per tola in Pakistan

Karachi: Gold prices in Pakistan declined on Saturday in line with their loss in the international market. In the local market, the price of the yellow metal reached Rs422,562 after a decline of Rs1,600 per tola during the day.

Similarly, 10-gram gold was sold at Rs362,278 after it registered a decrease of Rs1,372, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, the gold price per tola reached Rs424,162 after a gain of Rs5,300 during the day. The international rate of gold also declined by $16 to settle at $4,002 per ounce.