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Gold prices fall in Pakistan amid weaker global rates

KARACHI: Gold prices in Pakistan moved lower on Monday as international bullion rates declined amid continued investor focus on developments in the Middle East.

Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of 24-karat gold dropped Rs2,700 per tola to Rs457,536.

The price of 10 grams of gold also fell by Rs2,315, settling at Rs392,263.

In the international market, spot gold declined by $27 to $4,350 per ounce.

Meanwhile, silver prices remained stable, with one tola priced at Rs7,100.