Gold prices drop Rs4,200 per tola

KARACHI: Gold prices fell by Rs4,200 per tola on Thursday in the local market following a decline in international rates.

According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices dropped to Rs352,700 per tola.Similarly, the price of 10-gram gold decreased by Rs3,601, bringing it down to Rs302,383.

In the international market, gold rates fell by $42, settling at $3,343 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.Silver prices decreased by Rs65 to Rs3,417 per tola. The price of 10-gram silver also dropped by Rs56 to Rs2,929.