Gold price drops Rs35,500 to Rs537,362 per tola in Pakistan
Business
Gold prices plunge in Pakistan as per tola rate falls Rs35,500 to Rs537,362, while silver drops Rs1,106. Global gold prices also decline by $355 per ounce.
KARACHI (Dunya News) - The upward trend in precious metal prices has come to a halt as gold and silver witnessed a significant decline in local and international markets.
According to the Pakistan Sarafa Association, the price of 24-carat gold per tola dropped by Rs35,500, bringing it down to Rs537,362.
Similarly, the price of 10 grams of 24-carat gold fell sharply by Rs30,435 to Rs460,701.
Government plans to boost gemstone exports by $1 billion in five years
Silver prices also recorded a notable decrease. The price of 24-carat silver per tola declined by Rs1,106, settling at Rs11,069.
In the international market, gold prices dropped by $355 per ounce, bringing the rate down to $5,150 per ounce