Gold falls Rs3,000 per tola in Pakistan as global prices decline

Gold prices in Pakistan declined on Thursday in line with losses in the international market, with the price per tola reaching Rs438,636 after a fall of Rs3,000 during the day, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The association said 10-gram gold was sold at Rs376,059, a decline of Rs2,572 on the day.

The move partly unwinds the previous session's gain. On Wednesday, the gold price per tola reached Rs441,636 after a gain of Rs4,300 during the day. Local bullion rates track movements in the international market, where the rate of gold declined by $30 to reach $4,161 per ounce.

Meanwhile, the price of silver also decreased by Rs50 to reach Rs6,528 per tola, according to the association's rates.