Gold price falls by Rs1,000 per tola in Pakistan

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KARACHI – Gold lost some ground on Friday as rupee continued to strengthen against the US dollar in the interbank market amid hopes of revival of the IMF loan programme.

The price of per tola gold in Pakistan declined by Rs1,000 to reach Rs195,100, a day after it slightly recovered by Rs500 on Thursday.The All-Pakistan Sarafa Gems and Jewellers Association’s (APSGJA) data shows the price of 10 grams of 24 carats gold witnessed a drop of Rs857 to settle at Rs167,267.

Meanwhile, silver prices in the domestic market declined by Rs20 per tola and Rs17.14 per 10 grams to close at Rs2,100 and Rs1,800.41, respectively.

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