Gold prices decline in Pakistan, global markets

Karachi: Gold prices in Pakistan decreased on Thursday in line with their loss in the international market. In the local market, gold price per tola reached Rs494,662 after a decline of Rs9,500 during the day.

Similarly, 10-gram gold was sold at Rs424,092 after it fell by Rs8,415, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, gold price per tola reached Rs504,162 after a gain of Rs15,700 during the day.

The international rate of gold declined by $95 to reach $4,723 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs300 to reach Rs7,884 per tola.