Gold price drops by Rs1,300 per tola to Rs245,100 per tola

Gold prices in Pakistan experienced a notable drop on Monday, mirroring a decrease in international markets.

The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that the price of gold per tola fell by Rs1,300, bringing it down to Rs245,100. Similarly, the rate for 10 grammes of gold decreased by Rs1,113, settling at Rs210,134.

On the global stage, the price of gold was set at $2,376 per ounce, including a $20 premium, after a decline of $12 during the day.

In contrast, silver prices in Pakistan remained steady, with rates holding firm at Rs2,900 per tola.

Moreover, the Pakistani rupee on the first trading day of the week declined by Rs12.74 paisa to Rs278.5 against the US dollar.