KARACHI – Gold rates in Pakistan witnessed drop on Friday as price of 24Karat bullion came down by Rs2000 per tola to Rs307,000 after a record high.

The week saw massive buying of bullion with prices continue to stay high due to demand in international market. Data shared by Saraffa Association shows single tola dropped by Rs2,000, bringing it to new rate of Rs307,000 while the cost of 10 grams of gold plunged to Rs1,714 to Rs263,203.

Today Gold Price

Gold	Old Price	New Price	Change
Per Tola	Rs 309,000	Rs 307,000	Rs -2,000
10 Grams	Rs 264,917	Rs 263,203	Rs -1,714

This drop in local gold prices follows a reduction in global gold rates. In international markets, the price of gold has decreased by 23 dollars, now trading at 2,930 dollars per ounce.

Those aware of trends linked it with volatility in global markets could lead to further fluctuations in the coming days.