KARACHI: Gold and silver prices have witnessed a significant decline in local bullion markets across Pakistan, with the price of gold falling by Rs10,800 per tola and silver dropping by Rs142.
The decline follows another downward trend on the previous day, when gold prices fell by Rs5,100 per tola, while silver recorded a decrease of Rs2,368 per tola.
According to the latest rates released by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold declined by Rs10,800 to settle at Rs409,736 per tola.
Similarly, the price of 10 grams of 24-karat gold dropped by Rs9,259 to Rs351,282, while 10 grams of 22-karat gold became cheaper by Rs8,487, bringing its price down to Rs322,020.
Silver prices also recorded a decline in the domestic market. The price of silver fell by Rs142 to Rs5,388 per tola, while the rate for 10 grams decreased by Rs122 to Rs4,619.
Meanwhile, gold prices also declined in the international market. The price of gold fell by $108 per ounce to reach $3,872, while silver prices dropped by $1.42 to settle at $49.10 per ounce.
