Massive decline in gold prices in Pakistan, global markets

Karachi: Gold prices in Pakistan declined on Saturday in line with their loss in the international market. The per tola price of yellow metal reached Rs455,327 after a decline of Rs12,489 during the day.

Similarly, 10-gram gold was sold at Rs389,772 after it fell by Rs11,240, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold price per tola reached Rs467,816 after a decline of Rs1,469 during the day.

The international rate of gold declined by $124 to reach $4,328 per ounce (with a premium of $20). Meanwhile, the price of silver also decreased by Rs463 to reach Rs7,267 per tola.