Gold price decreases in Pakistan

Karachi: Contrary to the trend in global markets, gold price has decreased in Pakistan on Tuesday.

According to Sindh Sarafa Bazar Jewelers Association, the gold rate in Pakistan recorded a drop of Rs200 per tola Tuesday as its price settled at Rs126,000 per tola. Gold was down by Rs200 at Rs126,000 per tola and decreased by Rs171 to Rs108,025 per 10 grams.

Gold gains in international market

In the international market, the rate of 24k-gold increased $7 per ounce, according to rates compiled by the All Sindh Sarrafa and Jewelers Association. It is being sold at $1,807.

Silver remains unchanged

Meanwhile, the rate of silver stayed unchanged in the local market. It is being sold at Rs1,450 per tola and Rs1,243.14 per 10 grams.

It is pertinent to mention here that Gold hit a record high of $2,074 an ounce in August 2020 and a five-month high of $1,874 on November 16. It ascended to Rs132,000 per tola in Pakistan on October 26.

Ten grams of gold dropped Rs171 to trade at Rs108,025 on January 11.

It last changed on January 7 after being static for 45 days.