Gold prices fall in Pakistan amid global downturn
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The price of gold in Pakistan fell by Rs2,000 per tola on Tuesday, following a drop in international gold prices.
The gold was priced at Rs318,000 per tola in the local market, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 10 grams of gold also declined, dropping Rs1,715 to Rs272,633.
Gold prices have been on a downward trajectory due to global economic uncertainties.
On Saturday, the price per tola had reached Rs320,000, following a single-day fall of Rs5,500.
The international price of gold decreased on Tuesday, with the rate dropping by $28 to $3,010 per ounce, according to APGJSA.
Meanwhile, silver prices saw a marginal drop of Rs50, settling at Rs3,170 per tola.
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