Gold price drops in Pakistan for fourth consecutive day

KARACHI: Gold prices in Pakistan fell by Rs7,000 per tola on Friday, bringing the price to Rs424,536, according to the All-Pakistan Gems and Jewellers’ Sarafa Association.

The price of 10-gram gold also declined by Rs6,001 to Rs363,971.

The latest decline followed a Rs3,000 per tola drop on Thursday, when gold prices fell to Rs431,536 per tola and Rs369,972 per 10 grams.

Gold prices had also declined by Rs900 per tola on Wednesday, taking the rate to Rs434,536 per tola, while 10-gram gold fell to Rs372,544. On Tuesday, prices dropped by Rs3,600 per tola to Rs435,436, while 10-gram gold fell to Rs373,316.

In the international market, gold prices also declined, according to the association. However, the latest international price was not provided in the available figures.

Local gold prices fluctuate in line with international market trends and prevailing conditions in Pakistan’s bullion market.