Gold Falls for Record Fifth Day as Price Declines by Over Rs. 10,000 Per Tola

The price of 24 karat gold decreased by Rs. 1,600 per tola and was traded at Rs. 354,700 on Tuesday as against its sale at Rs. 356,300 the previous day, All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported. The price of gold in Pakistan fell by Rs. 8,500 per tola in the last three days of the previous week and registered another small decline of Rs. 100 per tola on Monday. Today’s drop in price takes the total decrease during the five-day losing streak to Rs. 10,200 per tola. The prices of 10 grams of 24 karat also decreased by Rs. 1,372 to Rs. 304,098 from Rs. 305,470. The rates of per tola and ten-gram silver remained unchanged and closed at Rs. 3,963 and Rs. 3,397 respectively.