Gold price per tola decreases Rs300 in Pakistan

KARACHI: Gold prices in Pakistan continued to decline on Monday, in line with a decrease in international rates. In the local market, gold price per tola stood at Rs256,500, marking a loss of Rs300.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold lowered by Rs258, bringing it to Rs219,907.

On Saturday, the price of gold per tola decreased by Rs500.

Crypto selloff wipes out $270 billion in value as bitcoin, ether plunge

Internationally, gold prices decreased on Monday. The APGJSA reported that the global rate was $2,427 per ounce (including a $20 premium) after it lost $16 during the day.

On the other hand, silver rates held steady at Rs2,900 per tola.

Last week, the price of gold per tola increased by Rs2,400, to hit an all-time high level of Rs257,300.