Gold price falls in Pakistan for second consecutive day

KARACHI: Gold prices in Pakistan fell by Rs900 per tola on Wednesday, bringing the price to Rs434,536, according to the All-Pakistan Gems and Jewellers’ Sarafa Association.

The price of 10-gram gold decreased by Rs772 to Rs372,544.

The latest decline followed a Rs3,600 per tola drop on Tuesday, when gold prices fell to Rs435,436 per tola and Rs373,316 per 10 grams.

In the international market, gold prices declined by $9 to $4,120 per ounce, according to reports citing the association.

Silver prices also fell in the local market, with the price dropping by Rs27 to Rs6,207 per tola. The rate for 10 grams of silver decreased by Rs23 to Rs5,321.