Gold Rate Loses Nearly Rs. 16,000 in Pakistan After Massive Crash Today

Gold prices crashed in Pakistan on Friday after a massive decline in international markets.

According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold per tola in Pakistan decreased by Rs. 15,500 to reach Rs. 476,862.

The price of 10 grams of gold also decreased by Rs. 13,289 to Rs. 408,832.

Gold gained Rs. 1,000 after settling at Rs. 492,362 per tola in Pakistan on Thursday.

In the international market, gold prices declined by $155 per ounce to $4,690 per ounce.

Meanwhile, silver prices decreased by Rs. 972 to settle at Rs. 8,232.