Gold and silver prices fell again in Pakistan on Wednesday, following a decline in international markets. The All Pakistan Sarafa Gems and Jewelers Association reported that 24 karat gold dropped by Rs. 11,300 per tola, while silver fell by Rs. 270 per tola. International rates for both metals also moved lower.
Local Gold and Silver Rates
24 karat gold (per tola): down Rs. 11,300, now Rs. 454,036
24 karat gold (per 10 grams): down Rs. 9,688, now Rs. 389,262
22 karat gold (per 10 grams): down Rs. 8,811, now Rs. 356,836
Silver (per tola): down Rs. 270, now Rs. 6,859
Silver (per 10 grams): down Rs. 231, now Rs. 5,880
International Prices
Gold: down $113, now trading at $4,315 per ounce
Silver: down $2.70, now trading at $63.80 per ounce
Local gold and silver rates in Pakistan are set by the Sarafa Association and generally move in line with international prices and the rupee’s exchange rate against the dollar. When global rates fall, local rates usually follow the same day.
