Gold prices drop by Rs35,500 per tola

ISLAMABAD, Jan 30 (APP): Gold prices declined sharply in the local market on Friday as the price of 24-karat gold per tola dropped by Rs35,500 to settle at Rs537,362.

The price of 10 grams of 24-karat gold fell by Rs30,435 to Rs460,701, while the price of 10 grams of 22-karat gold went down by Rs27,900 to Rs422,324, according to the All Pakistan Sarafa Gems and Jewellers Association.

Silver prices also witnessed a downward trend, with the price of 24-karat silver per tola declined by Rs1,106 to Rs11,069, whereas the price of 10 grams of silver by Rs949 to Rs9,489.

In the international market, gold prices slipped by $355 to $5,150 per ounce, while silver prices decreased by $11.06 to $105.94 per ounce, the association reported.