Gold prices slide in Pakistan amid international market drop

Gold prices in Pakistan declined by Rs2,000 per tola on Tuesday amid a global dip in bullion rates, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

With this decrease, the price of gold settled at Rs318,000 per tola in the local market. Similarly, the rate for 10 grams of gold fell by Rs1,715, reaching Rs272,633.

The drop comes as international gold prices declined by $28, bringing the global rate to $3,010 per ounce.

The local market had previously witnessed a significant drop on Saturday, when gold prices fell by Rs5,500 per tola in a single day, touching Rs320,000.

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Silver prices also experienced a slight decline, down by Rs50 per tola, with the new rate standing at Rs3,170.