Gold prices plunge in Pakistan, global markets

Gold prices in Pakistan plummeted on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs454,862 after a decline of Rs900 during the day.

Similarly, 10-gram gold was sold at Rs389,970 after it fell by Rs772, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Thursday, gold price per tola reached Rs455,762 after a gain of Rs2,200 during the day. The international rate of gold declined by $9 to reach $4,325 per ounce (with a premium of $20).