Gold prices lose thousands in value in Pakistan

Karachi: Gold prices in Pakistan plunged on Wednesday in line with their loss in the international market. The per tola price reached Rs467,762 after a decline of Rs8,600 during the day.

Similarly, 10-gram gold was sold at Rs401,030 after it fell by Rs7,373, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, gold price per tola reached Rs476,362 after a gain of Rs4,600 during the day. The international rate of gold declined by $86 to reach $4,454 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs259 to reach Rs7,894 per tola.