Gold prices decline by Rs 1900 per tola in Pakistan

KARACHI: Gold prices fell in Pakistan by Rs 1900 per tola on Tuesday in line with a decrease in the international rate.

In the local market, gold price per tola clocked in at Rs248,500 after a single-day decline of Rs1,900.

The 10-gram gold was sold at Rs213,048 after it shed Rs1,630, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

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On Monday, gold price per tola increased by Rs2,300 in Pakistan.

The international rate of gold increased on Tuesday. As per APGJSA, the rate was set at $2,418 per ounce (with a premium of $20) after a decrease of $21 during the day.

Meanwhile, silver rates remained stable at Rs2,850 per tola.

Last month, gold hit an all-time high of Rs252,200 per tola in local market.