On Thursday, the price of gold in Pakistan dropped by Rs9,900 per tola.
The price of yellow metal has plummeted as it comes under pressure. According to new data from the All-Pakistan Sarafa Gems and Jewellers Association, the price of gold (24 carats) has dropped by Rs9,900 per tola.
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Following the drop, a single tola of 24-Karats gold was trading for Rs2,37,300, and a gramme of 24-Karats gold was trading for Rs2,03,447.
Meanwhile, 10 grammes of 22-karat gold were being traded for Rs1,86,493.
The local currency hit a record low against the greenback in the interbank market on Wednesday, and closed at 298.93 against the USD on Thursday. The rupee finished the day down Rs8.71, or 2.91%.
