Gold rates drop Rs500 per tola

KARACHI: Gold prices in the local market dropped by Rs500 per tola on Monday following a decline in the international market.

According to All Sindh Saraf Jewellers Association data, gold rates in the local market decreased to Rs243,900 per tola.Similarly, the 10-gram gold price also decreased by Rs429 to Rs209,105. Gold rates decreased by $2 to $2,335 per ounce in the international market.Silver rates remained unchanged at Rs2,650 per tola. The price of 10-gram silver also stood the same at Rs2,271.94.Prices in the local market are adjusted by a premium of $20 against rates in the international market.