KARACHI: Gold prices witnessed a significant decline in Pakistan on Saturday, with the per-tola rate falling by Rs10,800 in line with a downward trend in the international market.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold dropped to Rs409,736 per tola.
Similarly, the rate of 24-karat gold per 10 grams decreased by Rs9,259 to Rs351,282, while 10 grams of 22-karat gold became cheaper by Rs8,487, settling at Rs322,020.
The downward trend was also reflected in the global bullion market, where gold prices declined by $108 to reach $3,872 per ounce.
Silver prices also recorded a fall in the domestic market. The price of silver per tola decreased by Rs142 to Rs5,388, while the rate for 10 grams dropped by Rs122 to Rs4,619.
In the international market, silver prices fell by $1.42 to $49.10 per ounce.
