Gold prices down Rs1,400 per tola

KARACHI: Gold prices decreased by Rs1,400 per tola on Wednesday in the local market.The All Sindh Saraf Jewellers Association stated that gold rates reached Rs260,100 per tola. Similarly, the price of 10-gram gold dropped by Rs1,200 to Rs222,994.

Gold rates decreased by $17 to $2,481 per ounce in the international market. Silver rates dropped by Rs50 to Rs2,900 per tola. Similarly, 10-gram silver rates also decreased by Rs42.86 to Rs2,486.28.Prices in the local market are adjusted by a premium of $20 against rates in the international market.