Gold prices drop Rs300 per tola

KARACHI: Gold prices fell by Rs300 per tola on Saturday in the local market following a decline in international rates.

According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices dropped to Rs313,700 per tola.

Similarly, the price of 10-gram gold decreased by Rs257, bringing it down to Rs268,947.

In the international market, gold rates fell by $4, settling at $2,984 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.

Silver prices remained unchanged at Rs3,530 per tola. The price of 10-gram silver also stood the same at Rs3,026.