Gold Gets Cheaper in Pakistan With Rs. 900 Drop Per Tola

Pakistan’s 24-karat gold rate fell by Rs. 900 to Rs. 434,536 per tola on Wednesday. The interbank-based list also showed lower prices for 22-karat gold and silver, as international gold slipped by $9 to $4,120.

The All Pakistan Sarafa Gems and Jewelers Association, a group representing gold and jewelry traders, listed lower gold and silver rates in its Wednesday update. The sheet states gold prices use interbank exchange rates and identifies 24-karat gold as 999 purity.

24-Karat Gold Drops to Rs. 434,536 Per Tola

The list puts 24-karat gold at Rs. 434,536 per tola after a Rs. 900 drop.

Ten grams of 24-karat gold fell by Rs. 772 to Rs. 372,544. The 22-karat gold rate for the same weight dropped by Rs. 707 to Rs. 341,511.

The sheet lists international gold at $4,120, down $9.

Silver Prices Fall in Pakistan and Global Markets

Silver fell by Rs. 27 to Rs. 6,207 per tola. The 10-gram rate dropped by Rs. 23 to Rs. 5,321.

The international silver rate fell by $0.27 to $57.29.