Gold prices plunge in Pakistan, global markets

Karachi: Gold prices in Pakistan plummeted on Thursday in line with their loss in the international market. In the local market, gold price per tola reached Rs537,162 after a decline of Rs2,800 during the day.

Similarly, 10-gram gold was sold at Rs460,529 after it fell by Rs2,401, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, gold price per tola reached Rs539,962 after a decline of Rs10,000 during the day.

The international rate of gold declined by $28 to reach $5,144 per ounce (with a premium of $20).