Gold prices continue to drop in Pakistan, global markets

Karachi: Gold prices in Pakistan plunged on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs490,362 after a decline of Rs21,500 during the day.

Similarly, 10-gram gold was sold at Rs420,406 after it fell by Rs18,433, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Saturday, gold price per tola reached Rs511,862 after a decline of Rs25,500 during the day.

The international rate of gold declined by $215 to reach $4,676 per ounce (with a premium of $20). Meanwhile, the price of silver also decreased by Rs601 to reach Rs8,405 per tola.