Gold falls by Rs2,300 per tola in Pakistan

Gold prices in Pakistan dropped further on Saturday, mirroring a downward trend in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold decreased by Rs2,300 per tola, bringing it to Rs342,200.

The price of 10 grams of gold also registered a drop of Rs1,972, settling at Rs293,381.

This decline follows Friday's drop of Rs1,300 per tola, when gold was priced at Rs344,500.

Globally, the price of gold also saw a decrease.

The international rate stood at $3,263 per ounce, with a premium of $20, reflecting a $13 dip over the previous day, according to APGJSA data.

Silver prices in the local market remained unchanged, holding steady at Rs3,427 per tola.

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The continued decline in gold prices is being attributed to corrections in international trading and fluctuating investor sentiment.