Gold Rate in Pakistan Down Almost Rs. 20,000 Per Tola from Record High

The price of 24 karat per tola gold witnessed a decrease of Rs. 1,300 and was sold at Rs. 344,500 on Friday against its sale at Rs. 345,800 on the last trading day, All Pakistan Sarafa Gems and Jewelers Association reported. After reaching an all-time high of Rs. 363,700 per tola, the price of the yellow metal has declined in recent days and is currently down by Rs. 19,200 per tola from its peak. The prices of 10 grams of 24 karat also decreased by Rs. 1,114 to Rs. 295,353 from Rs. 296,467 whereas that of 10-gram 22 Karat went down to Rs. 270,740 from Rs. 271,771. The rates of per tola and ten-gram silver remained constant at Rs. 3,427 and Rs. 2,938 respectively. The price of gold in the international market decreased by $13 to $3,263 from $3,276 whereas silver rates were recorded at $32.45, the Association reported.