Gold prices down Rs5,500 per tola

KARACHI: Gold prices decreased by Rs5,500 per tola on Thursday in the local market. The All Sindh Saraf Jewellers Association said that gold rates reached Rs266,400 per tola.Similarly, the price of 10-gram gold dropped by Rs4,716 to Rs228,395.

Gold rates decreased by $55 to $2,552 per ounce in the international market. Silver rates remained unchanged at Rs3,250 per tola. Similarly, 10-gram silver rates also stood the same at Rs2,786.Prices in the local market are adjusted by a premium of $20 against rates in the international market.