Gold drops by Rs5,200 per tola as global prices tumble

Gold prices extended their decline on Thursday in Pakistan as the price of gold per tola dropped by Rs5,200 after the international market saw a dip of $52 per ounce to $4,714. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, the price of gold per tola after the drop reached Rs493,762. Similarly, the price of 10 grams of gold decreased by Rs4,458 to Rs423,321. Silver prices also recorded a decline. The price per tola of silver fell by Rs225 to Rs8,099, while the price of 10 grams decreased by Rs193 to Rs6,943. In the international market, silver fell 1.9% to $76.22 per ounce, platinum lost 1.8% to $2,037.18, and palladium was down 2.1% at $1,512.86. Read: Gold dips Rs1,200 despite global rebound The latest drop follows Wednesday's decline, when the price of gold per tola fell by Rs1,200 to settle at Rs498,962, according to the All-Pakista...