Local gold prices drop by Rs1,900 per tola

On Monday, gold prices in Pakistan experienced a decline in alignment with the global market trend. 

The local market recorded the yellow metal at Rs216,100 per tola, marking a decrease of Rs1,900 throughout the day.

The 10-gram gold was traded at Rs185,271, reflecting a reduction of Rs1,629, as reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Contrastingly, on the preceding Saturday, gold prices had surged by Rs1,000 per tola in Pakistan.

The international gold rate exhibited a $20 premium, reaching $2,047 per ounce on Monday, following an $18 dip in the global market, according to APGJSA.

In parallel, silver rates remained steadfast at Rs 2,660 per tola during this period.