Gold Prices Plummet in Local Market Amid International Decline

Gold prices have decreased in the local market by Rs500 per tola following a decline in the international market. The All Pakistan Sarafa Gems and Jewellers Association stated that 24-karat gold rates now stand at Rs427,936 per tola.

The price of 10-gram gold has dropped by Rs428 to Rs366,886. This decrease is attributed to a drop in gold prices in the international market, where they have decreased by $5 to $4,055 per ounce.

However, silver rates have shown an increase of 61 paisa to Rs6,351 per tola, while 10-gram silver rates also rose by Rs51 to Rs5,444. The local market prices are adjusted with a premium of $20 against international market rates.