Gold loses its shine, prices drop by Rs300 per tola

• Gold price settles atRs141,400 per tola in local market.
• Price declines byRs257 per 10 grams.
• Price decreases by $4 per ounce in international market.

KARACHI: The gold price in Pakistan receded on Monday with a drop of Rs300 per tola amid rising inflation.

According to the All Sindh Sarafa and Jewellers Association (ASSJA), the price of the yellow metal settled at Rs141,400 per tola in the local bullion market.

Meanwhile, the price of gold lost Rs257 per 10 grams to close at Rs121,228.

On the other hand, the yellow metal stayed above the key $1,800-per-ounce level in the international market.

The price of the precious commodity decreased by $4 per ounce to settle at $1,807.

Meanwhile, the silver prices in the domestic market remained unchanged at Rs1,520 per tola and Rs1,303.15 per 10 grams today.