Gold prices fall by Rs8,600 per tola in Pakistan

Gold prices recorded a sharp decline in Pakistan on Wednesday, tracking losses in the international bullion market.

According to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs8,600, bringing it down to Rs467,762.

Similarly, the price of 10 grams of gold declined by Rs7,373 to settle at Rs401,030.

A day earlier, gold prices had surged by Rs4,600 per tola, reaching Rs476,362 in the local market.

Internationally, gold prices fell by $86 per ounce, taking the rate to $4,454, including a premium of $20.

Silver prices also moved downward, with the price per tola decreasing by Rs259 to Rs7,894.