KARACHI: Gold prices decreased by Rs5,000 per tola on Friday in the local market. The All Sindh Saraf Jewellers Association said that gold rates reached Rs277,800 per tola.Similarly, the price of 10-gram gold dropped by Rs4,286 to Rs238,169.Gold rates decreased by $50 to $2,666 per ounce in the international market.
Silver rates dropped by Rs50 to Rs3,400 per tola. Similarly, 10-gram silver rates also fell by Rs42.86 to Rs2,914.95.Prices in the local market are adjusted by a premium of $20 against rates in the international market.
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Economy has been plagued by high inflation and currency devaluation resulting in eroding purchasing power
