Gold loses ground in Pakistan as international prices fall
Gold prices in Pakistan declined for the second straight day on Friday, tracking losses in the international market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola settled at Rs352,900, marking a decrease of Rs100.
Similarly, the price for 10 grams of gold fell by Rs86 to Rs302,555.
The latest drop comes a day after the precious metal witnessed a sharp fall of Rs2,000 per tola on Thursday, when it had closed at Rs353,000.
On the global front, gold prices also inched lower. The APGJSA reported the international rate at $3,302 per ounce, reflecting a modest decline of $1, inclusive of a $20 premium.
In contrast, silver prices remained unchanged in the domestic market. The per tola rate held steady at Rs3,900.
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