Gold price decreases by Rs550 per tola in Pakistan

Karachi: The price of gold in Pakistan recorded a decrease of Rs550 per tola and Rs472 per 10 grams on Saturday.

According to All Sindh Saraf and Jewellers Association (ASSJA), domestic gold prices settled at Rs125,300 per tola and Rs107,424 per 10 grams in line with the global market.

The gold prices has been dropped owing to a declining trend in global rates.

A day earlier, gold prices in the local bullion market rose by Rs750 per tola and Rs643 per 10 grams to reach Rs125,850 per tola and Rs107,896 per 10 grams.

The international gold price dropped by $10 per ounce to $1,799 today.

Meanwhile, silver prices in the domestic market remained unchanged at Rs1,460 per tola and Rs1,251.71 per 10 grams.