KARACHI: Gold and silver prices witnessed a significant decline in Pakistan’s local bullion markets, with the price of gold falling by Rs5,100 per tola and silver becoming cheaper by Rs238 per tola.
According to rates released by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold dropped by Rs5,100 to Rs420,536 per tola on Friday, October 30.
Similarly, the price of 10 grams of 24-karat gold declined by Rs4,373, bringing it down to Rs360,541.
22-Karat Gold Prices Also Decline
The association’s latest rates showed that the price of 10 grams of 22-karat gold decreased by Rs4,009 to Rs330,507.
The decline reflects a significant downward adjustment in local gold prices, providing some relief to consumers and jewellery buyers.
Silver Prices Drop by Rs238 Per Tola
Silver prices also followed the downward trend in the domestic market.
The price of silver fell by Rs238 per tola to Rs5,530, while the rate for 10 grams of silver declined by Rs204 to Rs4,741.
The latest reduction in gold and silver prices marks a notable decline in precious metal rates across Pakistan’s local bullion markets.
