Gold prices drop Rs300 per tola

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

According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices dropped to Rs349,700 per tola.

Similarly, the price of 10-gram gold decreased by Rs257, bringing it down to Rs299,811. In the international market, gold rates fell by $3, settling at $3,326 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.

Silver prices increased by Rs16 to Rs3,417 per tola. The price of 10-gram silver also dropped by Rs14 to Rs2,929.