Gold prices plunge in Pakistan, global markets

Karachi: Gold prices in Pakistan plummeted on Saturday in line with their loss in the international market. In the local market, gold price per tola reached Rs442,162 after a decline of Rs2,300 during the day.

Similarly, 10-gram gold was sold at Rs379,082 after it fell by Rs1,972, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold price per tola reached Rs444,462 after an increase of Rs3,000 during the day.

The international rate of gold declined by $23 to reach $4,198 per ounce (with a premium of $20).