24-karat gold price drops by Rs2,300 in Pakistan
Why this matters: local context for readers following news across Pakistan and the region.
KARACHI – The gold prices in Pakistan on Monday fell sharply at the start of the trading week, tracking a decline in the international bullion market, with the price of 24-karat gold dropping by Rs2,300 per tola and Rs1,972 per 10 grams. The price of 24-karat gold declined to Rs428,936 per tola, while the price of 10 grams of 24-karat gold fell to Rs367,743. According to market data, the international price of gold dropped by $23 per ounce, bringing the precious metal’s price down to $4,065 per ounce. Silver prices also registered a decline in the local market. The price of silver per tola dropped by Rs69 to Rs6,324, while the price of 10 grams of silver decreased by Rs59 to Rs5,421. India tops South Asia in external debt, Pakistan second