Local Gold Rates Slide After Global Drop

Gold prices in Pakistan dropped sharply on Thursday, reflecting a parallel decline in the international market. According to the APGJSA, the price of one tola of gold fell by Rs2,000, bringing it down to Rs353,000.

Similarly, 10-gram gold lost Rs1,714 in value, ending the day at Rs302,641. This came after a slight gain of Rs300 was recorded on Wednesday.

The international gold price also declined, falling to $3,303 per ounce, with a $20 premium included. Market observers said the dip in international prices had a direct impact on the local market.

In addition, silver prices followed the same trend. The rate per tola of silver fell by Rs63, now resting at Rs3,900.