Pakistan Gold Prices Plummet as International Rates Drop

Gold prices in Pakistan fell significantly on Saturday, following a decline in international bullion rates. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), 24-karat gold dropped to Rs450,936 per tola, while the price of 10-gram gold fell by Rs1,800 to Rs386,604.

The decline in prices was a direct result of a $21 drop in international rates, where gold settled at $4,284 per ounce. Local prices in Pakistan are typically benchmarked to global rates with a premium of $20 per ounce.

Silver rates also decreased, dropping by Rs60 to Rs6,903. The 10-gram rate fell by Rs51 to Rs5,918.