Pakistan Gold Prices Plummet Following International Market Decline

Gold prices in Pakistan declined on Saturday following a drop in the international market. The local price of gold per tola fell by Rs15,100 to reach Rs467,936. The price of 10-gram gold also decreased by Rs12,946, selling at Rs401,179 according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). In contrast, the international rate of gold declined by $151 to reach $4,454 per ounce with a premium of $20. The price of silver also dropped by Rs397 to reach Rs7,112 per tola.

Gold prices in Pakistan remained stable on Friday in both local and international markets before experiencing this decline. This drop is likely due to the decrease in gold prices internationally. The APGJSA provided these rates, which reflect the current market situation.