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Gold loses Rs61,000 in two days, prices now at Rs511,862

KARACHI: Gold prices plummeted by Rs25,500 per tola, bringing the new rate to Rs511,862 per tola, according to the sarafa association.

This marks a total drop of Rs61,000 in just two days, with a significant Rs35,500 decline recorded on Friday alone, signaling a sharp downturn in the precious metal’s value.

The yellow commodity plunged by $255 in international market where per ounce is being traded for $4,895.

Silver prices also followed the downtrend with per tola rate dropping to Rs9,006 after a whooping dip of Rs2,063.

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