Gold price drops by Rs 1,600 per tola

ISLAMABAD: Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs495,362 after a decline of Rs1,600 during the day.

Similarly, 10-gram gold was sold at Rs424,693 after it fell by Rs1,371, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Saturday, gold price per tola reached Rs496,962 after a decline of Rs700 during the day. International rate of gold declined by $16 to reach $4,730 per ounce.

Meanwhile, the price of silver also decreased by Rs130 to reach Rs7,934 per tola. Staff Report