Gold prices decrease Rs500 per tola

KARACHI: Gold prices in the local market dropped by Rs500 per tola on Wednesday.

According to All Sindh Saraf Jewellers Association data, gold rates in the local market decreased to Rs255,500 per tola.Similarly, the 10-gram gold price also decreased by Rs429 to Rs219,050.Gold rates decreased by $17 to $2,393 per ounce in the international market.Silver rates remained unchanged at Rs2,850 per tola. The price of 10-gram silver also stood the same at Rs2,443.41.Prices in the local market are adjusted by a premium of $20 against rates in the international market.