Gold prices drop Rs200 per tola

KARACHI: Gold prices decreased by Rs200 per tola on Saturday in the local market following a decline in the international market.

All Pakistan Sarafa Gems and Jewellers Association stated that gold rates reached Rs289,400 per tola.

Similarly, the price of 10-gram gold dropped by Rs172 to Rs248,113.

Gold rates decreased by $2 to $2,770 per ounce in the international market.

Silver rates dropped to Rs3,409 per tola. Similarly, 10-gram silver rates also decreased by Rs20 to Rs2,922.

Prices in the local market are adjusted by a premium of $20 against rates in the international market.