Gold prices drop by Rs10,400 per tola in Pakistan
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Gold prices declined significantly in both Pakistani and international markets amid global fluctuations on Monday, Express News reported.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs10,400, settling at Rs340,500. The price of 10-gram gold also fell by Rs8,917, reaching Rs291,923.
The latest drop comes after gold lost Rs1,800 per tola on Friday, when it had closed at Rs350,900.
In global markets, gold fell by $104 during the day, with the international rate standing at $3,221 per ounce, including a $20 premium, APGJSA reported.
Silver also saw a modest decline, with the price per tola shedding Rs17 to close at Rs3,400.
Jewellers noted that fluctuations in global demand, currency volatility, and investor caution were contributing to market uncertainty.
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