Gold prices plummet in Pakistan, global markets

Gold prices in Pakistan declined on Thursday in line with their loss in the international market. In the local market, gold price per tola reached Rs486,962 after a decline of Rs7,100 during the day.

Similarly, 10-gram gold was sold at Rs417,491 after it fell by Rs6,087, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, gold price per tola reached Rs494,062 after a gain of Rs15,300 during the day.

The international rate of gold declined by $71 to reach $4,642 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs350 to reach Rs7,634 per tola.