Gold prices drop Rs2,300 per tola

KARACHI: Gold prices fell by Rs2,300 per tola on Wednesday in the local market following a decline in international rates.

According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices dropped to Rs341,900 per tola.Similarly, the price of 10-gram gold decreased by Rs1,972, bringing it down to Rs293,124.

In the international market, gold rates fell by $23, settling at $3,235 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.Silver prices remained the same at Rs3,482 per tola. The price of 10-gram silver also stood unchanged at Rs2,985.