Gold price declines by Rs2,500 per tola

Gold price declines by Rs2,500 per tola

Business

The price of 10 grams of 24-karat gold decreased by Rs2,144

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LAHORE (APP) - Gold prices in Pakistan saw another major slump on Friday, reflecting global market trends.

In the local market, the price of 24-karat gold per tola fell by Rs2,500, settling at Rs284,700, according to data shared by the local Sarafa Associations.

Similarly, the price of 10 grams of 24-karat gold decreased by Rs2,144, taking it to Rs244,084.

In the international market, the price of gold dropped by $25, reaching $2,752 per ounce with an additional premium of $20.

Silver prices in the local market also dropped sharply by Rs20, with the precious metal trading at Rs3,430 per tola, reflecting the recent changes in gold prices.