KARACHI: Gold prices in Pakistan witnessed another sharp decline on Friday, falling by Rs5,100 per tola as international bullion rates continued to slide.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold dropped to Rs420,536 per tola.
The rate of 10 grams of 24-karat gold also decreased by Rs4,373 to settle at Rs360,541.
Similarly, 10 grams of 22-karat gold became cheaper by Rs4,009, bringing its price down to Rs330,507.
In the international market, gold prices declined by $51 per ounce to reach $3,980, putting further downward pressure on domestic rates.
Silver prices also followed the declining trend in the local market.
The price of silver fell by Rs238 per tola to Rs5,530, while the rate for 10 grams dropped by Rs204 to Rs4,741.
International silver prices also recorded a decrease of $2.38 per ounce, settling at $50.52.
