Gold price drops by Rs1200

Gold price drops by Rs1200

Gold price in Pakistan decreased by up to Rs. 1,200 on Monday. According to details, following the minor decrease, the price of gold per tola was Rs. 242,300 in the local market.

As per the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold decreased by Rs943 to Rs207,733. The APGJSA further stated that the international rate was established at $2,349 per ounce, with a premium of $20, following a $10 decrease during the day.

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On the other hand, the price of per tola silver remained stable at Rs2,650. It should be noted that the price of gold hit an all time high of Rs252,200 per tola in the local market few weeks ago. On Saturday, the per tola gold price witnessed Rs. 300 reduction.

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