Gold Rate in Pakistan Falls for 5th Time in 5 Days

The price of 24 karat gold decreased by Rs. 1,595 per tola and was traded at Rs. 357,000 on Friday as compared to its sale at Rs. 358,595 on the last trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of the yellow metal fell by Rs. 700 per tola on Monday and Rs. 1,000 per tola on Tuesday. The price further declined by Rs. 2,245 on Wednesday and Rs. 460 per tola on Thursday. Today’s Rs. 1,595 decline takes the decrease this week to Rs. 6,000 per tola. The prices of 10 grams of 24 karat also decreased by Rs. 1,368 to Rs. 306,069 from Rs. 307,437 and for 10 grams of 22 Karat it came down by Rs. 1,254 to Rs. 280,573 from Rs. 281,827. The rates of per tola and ten-gram silver also dipped by Rs. 24 and Rs. 21 to Rs. 3,796 and Rs. 3,254 respectively. The price of gold in the international market decreased by $16 to $3,356 from $3,372, whereas that of silver came down by $0.24 to $36.13, the Association reported.