Gold prices in Pakistan decline by PKR 7,000 per tola

Gold prices in Pakistan dropped significantly on Tuesday in line with international trends. In the local market, the price of gold per tola decreased by PKR 7,000 ($25), bringing it down to PKR 270,500 per tola.

Similarly, the price for 10 grams of gold fell by PKR 6,000 to PKR 231,911, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

In last two sessions, local gold prices have declined by PKR 8,300 per tola. International gold prices are hovering around one-month low of $2,597 per ouonce.

On October 30, gold reached an all-time high of PKR 287,900 per tola in Pakistan. The international gold price also hit an all-time high of $2,784 per ounce.