Gold prices slides to Rs215,500 a tola

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ISLAMABAD: Gold price in the country snapped a two-day winning streak on Wednesday and fell by Rs600 per tola, following a dip in prices in the international markets. According to the data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price for one tola of 24-karat gold decreased to Rs215,500 from Rs216,100. Similarly, the price for 10 grams of 24-karat gold decreased to Rs184,756 from Rs185,271, going down by Rs515. Similarly, the price for 10 grams of 22-karat gold decreased to Rs169,360 from Rs169,832 from Rs169,282, showing a dip of Rs472. During the month of January, the price for one tola of 24-karat gold decreased by Rs4,500 to Rs215,500 from Rs220,000 amid a drop in international prices and the continuous strengthening of the Pakistani rupee. Earlier, gold price in the country declined by Rs1,400 (-0.65 percent) per tola last week. It was the fourth consecutive week when the prices of the yellow metal decreased in the country. TLTP