KARACHI — Gold prices in Pakistan dropped on Friday by Rs1100 per tola amid dip in international markets.
Data shared by Saraffa Associaiton shows price of gold per tola moving down by Rs1,100, settling at Rs387,500 while, 10-gram gold was traded at Rs332,218, down Rs943.
Gold Rates Today
| Dates | 24K Gold |
| 17-Sept | Rs388,600 |
| 16-Sept | Rs391,000 |
| 15-Sept | Rs386,300 |
| 13-Sept | Rs386,300 |
| 12-Sept | Rs386,500 |
| 11-Sept | Rs384,000 |
| 10-Sept | Rs388,100 |
Globally, gold also declined, trading at $3,657 per ounce with a $20 premium, down $11, APGJSA reported. In contrast, silver prices in Pakistan rose slightly, increasing by Rs29 per tola to reach Rs4,447.
Global gold prices were largely stable on Friday, as the Federal Reserve’s 25-basis-point rate cut and prospects for further easing fell short of investors’ expectations.
Spot gold stood at $3,646.23 per ounce as of 03:11 GMT, after hitting a record high of $3,707.40 on Wednesday. U.S. gold futures for December delivery also remained flat at $3,678.90.
