Gold Prices Drop Sharply Again; Per Tola Rate Falls to Rs491,362

Karachi: Gold and silver prices recorded another significant decline in both international and local markets, bringing relief to buyers in Karachi.

In the global bullion market, the price of gold per ounce fell by $81, reaching $4,686.

In Pakistan, the price of gold per tola decreased by Rs8,100, settling at Rs491,362. Similarly, the price for 10 grams of gold dropped by Rs6,945 to Rs421,263.

Silver prices also witnessed a decline. The price per tola of silver fell by Rs50 to Rs7,684, while the rate for 10 grams decreased by Rs43 to Rs6,587.

Market analysts attribute the downward trend to fluctuations in the international bullion market, which continue to impact local pricing.