Gold Prices Drop in Pakistan

On Friday, 23 October, gold prices in Pakistan dropped sharply. 24-karat gold fell by Rs. 7,000 per tola to Rs. 424,536.

The same update gives the 10-gram price, the international ounce price, and the local silver price.

Where gold prices settled on 23 October

The price of 10 grams declined by Rs. 6,001 to Rs. 363,971. In the international market, gold fell by $70 to $4,020 per ounce, while silver dropped to Rs. 5,865 per tola. The silver line gives the new tola price, not the size of that drop.

Our verdict

The local fall is specific: Rs. 7,000 per tola on 24-karat gold, to Rs. 424,536. That is the figure to use, rather than a rounded slogan.

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