Gold’s downward trend continues as price falls by Rs4,700 per tola

Gold prices in Pakistan declined on Wednesday, mirroring losses in the international market.

In the local market, the price of gold per tola fell by Rs4,700 to settle at Rs430,236.

Likewise, the price of 10 grams of gold dropped by Rs4,029 to Rs368,858, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, the price of gold per tola had decreased by Rs2,500, closing at Rs434,963.

In the international market, gold prices slipped by $47 to $4,078 per ounce, including a premium of $20.

Meanwhile, silver prices also moved lower, with the per tola rate declining by Rs138 to Rs6,421.