Ripple effect seen on markets globally from Middle East conflict

Gold prices decline by Rs 700 to Rs 125,700 per tola


ISLAMABAD: The price of 24 carats of gold per tola fell by Rs 700 and was sold at Rs 125,700 on Tuesday, compared with Rs 126,400 in the local market the previous day.

The price of 10 grams of 24 karat gold also fell by Rs 601 to Rs 107,767 from Rs 108,400, while the price of 10 grams of 22 karat gold fell from Rs 99,337 to Rs 98,787, according to the All-Sin De Salafa Jewellers Association.

The price per tola and ten grams of silver remained unchanged at Rs 1,460 and Rs 1,251.71 respectively.

The association reported that gold prices on the international market fell $5 to trade at $1,851, while it sold for $1,856.

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