Gold prices in Pakistan fell by Rs. 1,600 per tola on Saturday, slipping back below Rs. 4.4 lac as international prices declined.
According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold settled at Rs. 439,036 per tola. The price of 10-gram gold dropped by Rs. 1,372 to Rs. 376,402.
The decline came a day after gold gained Rs. 2,800 on Friday to close at Rs. 440,636 per tola.
In the international market, gold lost $16 to settle at $4,165 per ounce.
Saturday’s fall left gold with a net loss of Rs. 3,000 per tola for the week. The precious metal had closed at Rs. 442,036 per tola last Saturday.
Prices swung sharply during the week. Gold lost Rs. 2,100 on Monday and recovered Rs. 900 on Tuesday. It then crashed by Rs. 3,000 on Wednesday and stayed unchanged on Thursday before Friday’s rebound.
Silver prices also declined on Saturday, losing Rs. 81 to settle at Rs. 6,175 per tola. Silver is down Rs. 380 per tola over the past week.
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