Gold price decreases by Rs1,400 per tola in Pakistan

Karachi (Web Desk): Gold prices moved lower in both the international and Pakistani bullion markets, while silver recorded a modest increase in the local market.

In global trading, the price of gold declined by $14 per ounce, bringing the international rate down to $4,100 per ounce.

According to figures released by local bullion market sources, the price of 24-karat gold in Pakistan dropped by Rs1,400 per tola, taking the new rate to Rs432,436.

Likewise, the price of 10 grams of gold fell by Rs1,200 to Rs370,744. In contrast, silver gained Rs11 per tola, with its new price reaching Rs6,432.

The latest decline follows a strong upward movement a day earlier, when the price of 24-karat gold per tola had surged by Rs3,600 to settle at Rs433,836.

During the same trading session, the price of 10 grams of gold had risen by Rs3,086 to Rs371,944, while silver remained unchanged at Rs6,421 per tola.