Gold prices drop Rs460 per tola

KARACHI: Gold prices fell by Rs460 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 Rs358,595 per tola.Similarly, the price of 10-gram gold decreased by Rs394, bringing it down to Rs307,437.

In the international market, gold rates fell by $6, settling at $3,372 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.Silver prices decreased by Rs58 to Rs3,820 per tola. The price of 10-gram silver also dropped by Rs49 to Rs3,275.