Business
Gold sees Rs1,800 per tola dip in local market
Gold continued its decline for the second consecutive session on Thursday, mirroring the international downtrend.
In the local market, the price of gold reached Rs218,200 per tola, registering a loss of Rs1,800 during the day.
According to data from the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gramme gold was traded at Rs187,071, reflecting a decrease of Rs1,543.
Notably, Wednesday witnessed a Rs1,300 decrease in gold prices per tola in Pakistan.
The international gold rate, accompanied by a $15 decline in the global market, stood at $2,067 per ounce on Thursday, with a $20 premium, as reported by APGJSA.
In a parallel development, silver experienced a modest decline of Rs20, settling at Rs2,660 per tola.