Pakistan gold loses Rs15,900 per tola over two days
The All-Pakistan Gems and Jewellers Sarafa Association cut 24-karat rates again on Saturday as international gold fell another $108 an ounce, leaving the local tola just Rs9,736 above Rs400,000.
24-karat gold fell Rs10,800 per tola on Saturday to Rs409,736, per APGJSA rates.
Ten grams of 24-karat gold fell Rs9,259 to Rs351,282; silver fell Rs142 to Rs5,388 a tola.
The two-day decline totals Rs15,900 a tola after Friday’s Rs5,100 cut from Thursday’s Rs425,636.
International gold fell $108 to $3,872 an ounce, staying below the $4,000 level lost on Friday.
The local rate is Rs32,300, or about 7.3%, below the October 10 peak of Rs442,036.