Gold price drops by Rs800 per tola in Pakistan

The price of gold in Pakistan fell on Saturday as concerns regarding rupee-dollar parity triggered uncertainty in the commodity market.

Gold prices in the local bullion market recorded a decrease of Rs800 per tola and Rs686 per 10 grams to settle at Rs123,800 per tola and Rs106,138 per 10 grams.

On Friday, the yellow metal closed at Rs124,600 per tola and Rs106,824 per 10 grams.

During the outgoing week, the precious commodity lost around Rs4,300 per tola or 3.35%.

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