Pakistan Gold Prices Plummet to Rs427,936 per Tola Amid International Decline

Gold prices in Pakistan dropped on Tuesday due to a decline in international bullion rates. The All-Pakistan Gems and Jewellers Sarafa Association reported that 24-karat gold decreased by Rs500 per tola, bringing the rate down to Rs427,936 per tola. This downward movement was also reflected in the price of 10-gram gold, which dropped by Rs428 to reach Rs366,886.

Internationally, gold prices fell by $5 per ounce, with the global rate settling at $4,055 per ounce. This decrease had a direct impact on local bullion rates, leading to a slight correction in Pakistan's gold market.