Gold price drops Rs2,400 per tola

Gold prices in Pakistan continued to decline on Monday, mirroring the downward trend in the international market.

In the local market, gold price per tola dropped by Rs2,400 to reach Rs437,436 during the day.

Similarly, 10-gram gold was sold at Rs375,030 after it fell by Rs2,058, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Saturday, gold price per tola reached Rs439,836 after a decline of Rs1,100.

The international rate of gold declined by $24 to reach $4,150 per ounce (with a premium of $20).

Meanwhile, the price of silver also decreased by Rs37 to reach Rs6,679 per tola.