Gold price drops Rs1,800 per tola in Pakistan

Gold prices in Pakistan fell on Thursday, tracking losses in the international market, with the price of one tola dropping by Rs1,800 to Rs432,036, according to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The price of 10 grams of gold also declined by Rs1,543 to Rs370,401, the association said.

Spot gold inched 0.2 percent lower at $4,122.49 per ounce as of 0515 GMT, having climbed to $4,165.87 in the last session, its highest since 7th July.

The US gold futures for August delivery fell 0.6 percent to $4,125.30.Spot silver ?was down 0.1 percent at $59.66 per ounce, while platinum gained 0.5 percent to $1,652.53 and palladium rose 0.5 percent to $1,297.61