Gold prices continue to drop in Pakistan

Gold prices in Pakistan continued its downwards trajectory similar to the international market on Monday.

According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola witnessed as Rs1100 cut as it fell to Rs260,400.

The 10-gram gold price witnessed a cut of Rs943, as it is being retailed at Rs223,251.

In contrast, silver prices remained stable at Rs2,950 per tola.

In the international market, spot gold fell 0.2% to $2,491.11 per ounce.

U.S. gold futures edged 0.2% lower to $2,520.30.

Spot silver rose 0.4% to $28.04 per ounce, platinum gained 1.7% to $937.35 and palladium was up 1.3% to $922.68.