Gold prices has recorded a sharp decline in Pakistan following a drop in international bullion markets, with the price of 24-karat gold falling by Rs6,500 per tola while silver prices also moved downward in the local market.
According to market figures, the price of 24-karat gold per tola in Pakistan dropped by Rs6,500, bringing it down to Rs533,362. The price of 10 grams of gold also declined by Rs5,573, settling at Rs457,271.
Silver prices also witnessed a decrease in the local market. The price of 24-karat silver per tola fell by Rs37 to reach Rs8,894.
The drop in domestic bullion prices followed a decline in international markets, where gold prices per ounce decreased by $65 to $5,106.
Bullion market dealers said movements in international gold prices continue to directly influence local rates, with global demand trends and currency fluctuations often affecting the domestic precious metals market.
