Gold price plunges by Rs5,000 per tola in Pakistan

Date:

KARACHI (Web Desk) – The price of 24-karat gold decreased by Rs5,000 on Thursday, falling to Rs426,562 per tola compared to Rs431,562 on the previous day, according to the All Pakistan Sarafa Gems and Jewellers Association.

Similarly, the price of 10 grams of 24-karat gold declined by Rs4,286, dropping to Rs365,708 from Rs369,994, while 10 grams of 22-karat gold fell by Rs3,929, reaching Rs335,244 against yesterday’s Rs339,173.

In the international market, gold was traded at $4,042 per ounce, showing a decrease of $50 from the previous rate of $4,092.

The price of silver also registered a downward trend. Silver per tola fell by Rs93, reaching Rs5,329 compared to Rs5,422 a day earlier, whereas the price of 10 grams of silver decreased by Rs80, dropping to Rs4,568 from Rs4,648.

International silver prices stood at $50.57 per ounce, down $0.93 from the prior level of $51.50.

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