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Gold prices drop by big margin in Pakistan

Latest gold rates for September 4
An employee works on 1kg. gold bars in Ahlatci Metal Refinery in the central Anatolian city of Corum, Turkey, May 11, 2017. Reuters
An employee works on 1kg. gold bars in Ahlatci Metal Refinery in the central Anatolian city of Corum, Turkey, May 11, 2017. Reuters

The price of 24-karat per tola gold saw a decrease of Rs1,000 and was traded at Rs261,500 on Tuesday against its sale at Rs.262,500 the previous day.

The price of 10-gram 24-karat gold also declined by Rs857 and was sold at Rs224,194 against Rs225,051 whereas the price of 10-gram 22-karat gold decreased to Rs205,511 from Rs206,297, according to the All Sindh Sarafa Jewellers Association. . The price of per tola and 10-gram silver remained unchanged at Rs2,950 and Rs2,529.14, respectively.

The gold price in the international market decreased by $5 to $2,498 against $2,503, the association added.

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