Gold Prices Fall Again in Pakistan as Global Market Weakens

Gold became cheaper in Pakistan on Friday, November 13. The price of one tola of 24-karat gold fell by Rs 4,900 to Rs 411,636. The All-Pakistan Sarafa Gems and Jewellers Association (APGJSA) shared the new rates. International gold also lost $49 to reach $3,891 per ounce. Silver dropped Rs 111 per tola to Rs 5,467.

Before this update, 24k gold stood at Rs 416,536 per tola. Pakistan Observer reported that gold had already fallen Rs 10,900 per tola in the previous session. Today’s cut adds to that drop.

Gold fell sharply in the global market on Thursday. Reuters reported that spot gold lost nearly 4% this week. It recovered a little on Friday morning, but it was still on track for a weekly decline.