Gold Rate in Pakistan Drops by Over Rs. 8,500 Per Tola in 4-Day Losing Streak

The price of 24 karat gold decreased by Rs. 100 and was traded at Rs. 356,300 on Monday as against its sale at Rs. 356,400 the previous day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of gold in Pakistan fell by Rs. 8,500 per tola in the last three days of the previous week. Today’s small decline takes the four-day losses to Rs. 8,600 per tola. The prices of 10 grams of 24 karat also decreased by Rs. 85 to Rs. 305,470 from Rs. 305,555 whereas that of 10 grams of 22 karat gold went down to Rs. 280,014. The rates of per tola and ten-gram silver remained unchanged and closed at Rs. 3,963 and Rs. 3,397 respectively. The price of gold in the international market decreased by $1 to $3,336 from $3,337, whereas that of silver remained stagnant and closed at $38.14, the Association reported.