Gold prices in Pakistan plunge by Rs1,000 per tola

On Tuesday, gold prices in Pakistan fell following a decrease in international rates.

Moreover, the price of gold per tola dropped by Rs1,000, settling at Rs261,500 in the local market.

In addition, the 10-gram gold price also fell by Rs857, reaching Rs224,194, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

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The previous day, gold prices had remained steady at Rs262,500. Internationally, the price of gold decreased to $2,498 per ounce, down by $5, with an additional premium of $20.

Furthermore, silver prices remained unchanged at Rs2,950 per tola. Notably, gold prices had recently peaked at a record high of Rs263,700 per tola in Pakistan last month.