Gold prices drop Rs300/tola

KARACHI: Gold rates in the local market decreased Rs300/tola to Rs110,500/tola, according to the data released by the All Sindh Saraf Jewellers Association on Thursday.

Similarly, 10 grams gold price went down Rs257 to Rs94,736, it added. In the international market; however, gold rates increased $8 to $1,839/ounce.

Jewellers claimed gold prices in the local market still remained Rs2,000/tola lower, compared with the rates in the Dubai gold market. Meanwhile, silver rates rose Rs20 to Rs1,220/tola. Rate of 10 grams silver also increased Rs17.15 to 1,045.95, it added.