Gold prices take a sharp dip of Rs9,100 per tola

Gold prices witnessed a significant decline both internationally and domestically on Saturday, November 15.

According to the All Pakistan Gems and Jewellery Association, the price of gold fell by Rs9,100, reaching Rs430,662 per tola. Meanwhile, 10 grams of gold dropped by Rs7,799, settling at Rs369,223.

Internationally, the price of gold per ounce decreased by $91, falling to $4,083.

The report also noted a decline in silver prices, with silver dropping by Rs209 per tola, bringing it down to Rs5,100.

It is worth mentioning that on the previous business day (Friday), the price of gold per tola in Pakistan had decreased by Rs3,300, while global gold prices had fallen by $33 per ounce.