Gold Prices Drop by Rs7,000 per Tola

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Islamabad: The price of 24 karat per tola gold dropped by Rs.7,000, settling at Rs.270,500 on Tuesday, down from Rs.277,500, according to the All Sindh Sarafa Jewellers Association.

The price of 10 grams of 24 karat gold fell by Rs.6,000, closing at Rs.231,911 from Rs.237,911, while 10 gram 22 karat gold decreased to Rs.212,584 from Rs.218,085.

In the silver market, the price of per tola silver also decreased by Rs.50, closing at Rs.3,250, while the price of 10 grams of silver dropped by Rs.42.86 to Rs.2,786.

Globally, the price of gold dropped by $77, settling at $2,593 from $2,670, the Association reported.