KARACHI – Gold prices in Pakistan took a hit on Thursday, amid losses in the international market. The price of gold per tola plunged by Rs2,900, closing at Rs540,362, sending ripples across the market.
10-gram gold also suffered a setback, dropping Rs2,486 to settle at Rs463,273.
Unit
Price
Change
Old Price
Gold per tola
540,362
-2,900
543,262
Gold 10 grams
463,273
-2,486
465,759
Silver per tola
9,175
-179
9,354
International gold (per ounce)
$5,176
-29
$5,205
This decline comes right after Wednesday’s gains, when gold had surged by Rs3,700 per tola to reach Rs543,262, highlighting the market’s extreme volatility.
The international scene reflected similar turbulence, with gold slipping $29 to $5,176 per ounce, coupled with a $20 premium.
Gold prices increase by Rs3,700 per tola amid higher demand
Not just gold, silver prices also dipped, falling Rs179 to Rs9,175 per tola, adding to the worries of precious metal traders and investors alike.
