Gold prices drop Rs1,300 per tola

KARACHI: Gold prices fell by Rs1,300 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 Rs344,500 per tola.Similarly, the price of 10-gram gold decreased by Rs1,114, bringing it down to Rs295,353.

In the international market, gold rates fell by $13, settling at $3,263 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.Silver prices remained the same at Rs3,427 per tola. The price of 10-gram silver also stood unchanged at Rs2,938.