Gold prices down Rs1,100 per tola

KARACHI: Gold prices decreased by Rs1,100 per tola on Thursday in the local market.The All Sindh Saraf Jewellers Association stated that gold rates reached Rs274,400 per tola.Similarly, the price of 10-gram gold dropped by Rs943 to Rs235,254. Gold rates decreased by $11 to $2,642 per ounce in the international market.

Silver rates remained unchanged at Rs3,050 per tola. Similarly, 10-gram silver rates also stood the same Rs2,614.88. Prices in the local market are adjusted by a premium of $20 against rates in the international market.