Gold price decreases by Rs5,200 per tola in Pakistan

Karachi (Web Desk): Gold prices in Pakistan's local bullion market registered a significant decline on Wednesday, bringing welcome relief for buyers.

According to the latest rates issued by the All Pakistan Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs5,200, taking the new rate to Rs419,636.

The price of 10 grams of 24-karat gold also fell by Rs4,458 and is now being traded at Rs359,770, the association said.