KARACHI: Gold prices recorded a slight decline in Pakistan on Saturday, with the price of 24-karat gold falling by Rs500 per tola in the local market.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold decreased to Rs459,936 per tola, compared with Rs460,436 in the previous session.
The price of 10 grams of 24-karat gold also declined by Rs429, settling at Rs394,320.
The decline in domestic gold prices followed a marginal fall in the international bullion market, where gold prices decreased by $5 to $4,375 per ounce.
Gold prices in Pakistan remain sensitive to movements in international bullion rates as well as fluctuations in the rupee-dollar exchange rate.
Recent market data available with MM News also shows continued volatility in domestic gold prices amid changing global bullion trends.
