Gold prices plunge in Pakistan, global markets

Karachi: Gold prices in Pakistan declined on Friday in line with their loss in the global market. In the local market, the price of yellow metal reached Rs438,036 after a decline of Rs14,900 during the day.

Similarly, 10-gram gold was sold at Rs374,205 after it fell by Rs13,410, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Thursday, gold price per tola reached Rs452,963 after a decline of Rs2,300 during the day. The international rate of gold declined by $149 to reach $4,156 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs413 to reach Rs6,946 per tola.