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Gold Prices in Pakistan Slide Rs21,400 to Rs507,762 Per Tola

The industry association set the new benchmark following a sharp slide in global bullion.

Overview

  • The All Pakistan Gems and Jewellers Association reported a Rs21,400 decline per tola, setting the price at Rs507,762.
  • The price for 10 grams fell by Rs18,347 to Rs435,324, according to the association.
  • Dealers said international gold dropped $214 to $4,850 per ounce on the same day.
  • Local reports linked the domestic markdown to the concurrent slump in global bullion markets.
  • Coverage characterized conditions as volatile, with buyers and investors keeping a close watch on further moves.