Karachi: The price of gold in the international bullion market has dropped by $55 per ounce to $2,415.
Due to the decline in global gold prices, local bullion markets also saw a decrease on Friday.
The price of 24-carat gold per tola fell by 3,000 rupees, bringing it to 251,000 rupees per tola.Similarly, the price of gold per 10 grams decreased by 2,572 rupees to 215,192 rupees.
The price of silver per tola dropped by 50 rupees to 2,850 rupees, and the price of silver per 10 grams fell by 42.87 rupees to 2,443.41 rupees.
Representatives from the bullion market have stated that due to reduced buying activity for gold, the local bullion markets have set the price of gold per tola at 1,600 rupees under cost.