Gold prices decrease in Pakistan

KARACHI: The prices of gold have experienced a significant decline both in global and local currency markets.

In the local market, gold price per tola reached Rs241,000 after a single-day fall of Rs900.

The 10-gram gold was sold at Rs206,619 after a decrease of Rs771, according to the rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The international rate of gold decreased on Thursday. As per APGJSA, the rate was set at $2,308 per ounce (with a premium of $20) after a loss of $8 during the day.

Gold rates were not available on Wednesday, as gold markets were closed on account of Labor Day

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

Stock market to make third attempt at recovery following consecutive losses

A tola is now available at Rs241,000 after falling by Rs900.

The international price of gold per ounce has fallen from $8 and is currently available at $2,308.