Gold price plunges Rs550 per tola

Karachi: Gold price in Pakistan came down on Thursday by around Rs550 per tola and Rs472 per 10 grams.

The commodity fell around Rs550 per tola and Rs472 per 10 grams to settle at Rs126,600 per tola and Rs108,539 per 10 grams, respectively.

Cumulatively, the safe-haven asset had gained Rs1,300 per tola in the last four sessions.

According to gold dealers, local market is in no demand for gold buyiing as customers' purchasing power has compromised.