Gold prices drop Rs3,600 per tola

KARACHI: Gold prices fell by Rs3,600 per tola on Tuesday in the local market following a decline in international rates. According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices dropped to Rs347,900 per tola.

Similarly, the price of 10-gram gold decreased by Rs3,086, bringing it down to Rs298,268. In the international market, gold rates fell by $36, settling at $3,295 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates. Silver prices dropped by Rs60 to Rs3,448 per tola. The price of 10-gram silver also fell by Rs52 to Rs2,956.