Gold prices decline in Pakistan by Rs 200 per tola

KARACHI: Gold prices declined in Pakistan on Monday in line with the decrease in the international rate. In the local market, gold price per tola stood at Rs241,500 after a single-day loss of Rs200.

The 10-gram gold was sold at Rs207,047 after it registered a decrease of Rs172, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Saturday, gold price per tola remained unchanged at Rs241,700 in Pakistan.

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The international rate of gold decreased on Monday. As per APGJSA, the rate was at $2,324 per ounce (with a premium of $20) after it lost $2 during the day.

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

Back in April, gold hit an all-time high of Rs252,200 per tola in the local market.