Gold prices drop Rs700 per tola

KARACHI: Gold prices fell by Rs700 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 Rs348,600 per tola.

Similarly, the price of 10-gram gold decreased by Rs599, bringing it down to Rs298,868.In the international market, gold rates fell by $7, settling at $3,302 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.Silver prices remained unchanged at Rs3,380 per tola. The price of 10-gram silver also stood the same at Rs2,983.