Gold prices drop Rs200 per tola

By Our Correspondent
June 16, 2024
Gold bullion is displayed at GoldSilver Central's office in Singapore June 19, 2017. — Reuters/File

KARACHI: Gold prices in the local market dropped by Rs200 per tola on Saturday.

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According to All Sindh Saraf Jewellers Association data, gold rates in the local market decreased to Rs241,300 per tola.

Similarly, the 10-gram gold price also decreased by Rs171 to Rs206,876.

Gold rates, however, increased by $9 to $2,332 per ounce in the international market.

Silver rates remained unchanged at Rs2,750 per tola. The price of 10-gram silver also stood the same at Rs2,357.68.

Prices in the local market are adjusted by a premium of $20 against rates in the international market.

Local jewellers claimed that gold rates in the local market were kept lower by Rs3,000 per tola compared with the international market because of the weak purchasing power in the country.

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