Gold prices drop Rs300 per tola

KARACHI: Gold prices fell by Rs300 per tola on Monday in the local market following a decline in international rates.According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices dropped to Rs358,165 per tola.

Similarly, the price of 10-gram gold decreased by Rs257, bringing it down to Rs307,068.In the international market, gold rates fell by $3, settling at $3,366 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.Silver prices, however, increased by Rs14 to Rs3,799 per tola. The price of 10-gram silver also rose by Rs12 to Rs3,257.