Gold prices down Rs1,000 per tola

KARACHI: Gold prices decreased by Rs1,000 per tola on Tuesday in the local market. The All Sindh Saraf Jewellers Association said that gold rates reached Rs274,700 per tola.Similarly, the price of 10-gram gold dropped by Rs857 to Rs235,511.Gold rates decreased by $9 to $2,647 per ounce in the international market.

Silver rates remained unchanged at Rs3,050 per tola. Similarly, 10-gram silver rates also stood the same Rs2,614.88.Prices in the local market are adjusted by a premium of $20 against rates in the international market.