Gold prices decrease by Rs 500 per tola

ISLAMABAD: After increasing in the previous session, gold prices declined in Pakistan on Tuesday in line with a decrease in the international rate. In the local market, gold price per tola stood at Rs241,500 after a single-day loss of Rs500.

The 10-gram gold was sold at Rs207,047 after it registered a decrease of Rs429, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Monday, gold price per tola improved by Rs500 clocking in at Rs242,000 in Pakistan.

KSE-100 declared best-performing market in Asia in 2024

The international rate of gold decreased on Tuesday. As per APGJSA, the rate was at $2,326 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.