Gold Prices Drop by Rs35,500 per Tola

News Desk 

Islamabad: Gold prices recorded a sharp decline in the local market on Friday, with the price of 24-karat gold per tola falling by Rs35,500 to settle at Rs537,362.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold dropped by Rs30,435 to Rs460,701, while 10 grams of 22-karat gold declined by Rs27,900 to Rs422,324.

Silver prices also witnessed a downward trend. The price of 24-karat silver per tola decreased by Rs1,106 to Rs11,069, while the price of 10 grams of silver fell by Rs949 to Rs9,489.

In the international market, gold prices slipped by $355 to $5,150 per ounce, whereas silver prices declined by $11.06 to $105.94 per ounce, the association reported.

Kerb Currency Market Opening Rates

The following were the opening rates of foreign currencies in the kerb market issued by the Forex Association of Pakistan (FAP) on Friday:

Currency        Low Rate        High Rate

Interbank       279.75          279.80

USD             280.10          280.80

Euro            334.20          337.20

GBP             385.20          388.20

JPY               1.81            1.91

AED              76.60           77.10

SAR              74.90           75.20