Gold prices down Rs7,000 per tola

KARACHI: Gold prices decreased by Rs7,000 per tola on Tuesday in the local market. The All Sindh Saraf Jewellers Association said that gold rates reached Rs270,500 per tola.Similarly, the price of 10-gram gold dropped by Rs6,000 to Rs231,911.

Gold rates decreased by $77 to $2,593 per ounce in the international market. Silver rates dropped Rs50 to Rs3,250 per tola. Similarly, 10-gram silver rates also decreased by Rs42.86 to Rs2,786.Prices in the local market are adjusted by a premium of $20 against rates in the international market.