Gold rates drop Rs4,300 per tola

KARACHI: Gold prices in the local market decreased Rs4,300 per tola Monday.According to All Sindh Saraf Jewellers Association, prices dropped to Rs278,400 per tola.Similarly, the rate of 10-gram gold moved down by Rs3,657 to Rs238,683.

In the international market, gold rates dropped by $43 to $2,672 per ounce.Silver prices decreased by Rs50 to Rs3,400 per tola. The rate of 10-gram gold also dropped by Rs42.87 to Rs2,914.95.Prices in the local market are adjusted by a premium of $20 against rates in the international market.