Gold price drops to Rs113,300 per tola

A single tola of 24-karat gold in Pakistan was being sold for Rs113,300 on Saturday, 1,300 lower than the previous closing.

Likewise, 10 grams of 24k gold was sold for Rs97,136 at the close of the bullion market.

Meanwhile, 10 grams of 22k gold was traded for Rs89,042, with one tola of 22k gold being sold for Rs103,859.

On Friday, gold rates in the local market had decreased by Rs700 per tola, said the All Sindh Saraf Jewellers Association.

Similarly, the price of 10 grams gold dropped Rs600. In the international market, gold rates had decreased by $23 to reach $1,893 per ounce.

Jewellers believe that the gold prices in the local market continue to remain Rs3,000 per tola lower compared to the Dubai gold market.

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