KARACHI: Pakistan’s gold and silver markets fell sharply on Friday. The 24-karat gold tola dropped by Rs 35,500, traders reported.
According to the All Pakistan Sarafa, Gems, and Jewellers Associations, interbank rates for January 30 are:
- Gold Tola (24K): Rs 537,362, down Rs 35,500
- Gold 10gm (24K): Rs 460,701, down Rs 30,435
- Gold 10gm (22K): Rs 422,324, down Rs 27,900
Global gold prices also fell. International gold slipped to $5,150, down $355. Analysts say local and international market fluctuations and interbank rates drove the decline.
Silver prices followed suit. Local rates dropped, and international silver fell to $105.94, down $11.06.
- Silver Tola (24K): Rs 11,069, down Rs 1,106
- Silver 10gm (24K): Rs 9,489, down Rs 949
Traders said interbank rates and global market trends were key factors behind the downward movement.
