KARACHI: Gold and silver prices recorded a significant decline in Pakistan, with the price of gold falling to Rs424,536 per tola and silver dropping to Rs5,865 per tola, according to the latest figures provided by the All Pakistan Sarafa Gems and Jewellers Association.
The association’s data showed that on Friday, October 23, the price of 24-karat gold fell by Rs7,000 per tola, bringing the new rate to Rs424,536.
Similarly, the price of 10 grams of 24-karat gold declined by Rs6,001 to Rs363,971. The rate for 10 grams of 22-karat gold also dropped by Rs5,501 to Rs333,652.
Silver Prices Also Decline
Silver prices followed the downward trend in the local market. The price of silver fell by Rs221 per tola to Rs5,865, while the rate for 10 grams decreased by Rs189 to Rs5,028.
Gold and Silver Prices Fall in the International Market
Gold prices also declined in the international market. According to the provided figures, the price of gold fell by $70 to $4,020 per ounce.
Meanwhile, the international price of silver dropped by $2.21 to $53.87.
