Gold rates continue to drop in Pakistan

The per tola price of 24 karat gold on Tuesday witnessed a slight decrease in the local market. The gold prices recorded a decrease of Rs1800 per tola to settle at Rs213,600 in the domestic market, according to the All Sindh Sarafa Jewellers Association. The price of 10 grams of 24-karat gold also registered a decrease of Rs1443 and being sold at Rs183,128. The price of gold in the international market decreased by $13 to $2,005 from $.2,018, the Association reported. Spot gold was up 0.2% at $1,984.39 per ounce, as of 0946 GMT. U.S. gold futures rose 0.3% to $1,999.60. The dollar edged 0.3% lower against its rivals, making gold less expensive for other currency holders. Silver rose 0.4% to $22.88 per ounce, while platinum gained 1% to $918.69, and palladium climbed 1.2% to $968.39 per ounce.