Global Gold Prices Plummet, Local Rates Follow Suit
Gold prices declined sharply in both global and local markets last Friday.
In Pakistan, gold prices fell by Rs4,600 per tola, reaching Rs427,436. Meanwhile, the price of 10-gram gold dropped by Rs3,944, selling at Rs366,457.
The international rate of gold also declined, dropping by $46 to reach $4,050 per ounce with a premium of $20.