Gold prices fell in domestic and international markets on Saturday, tracking a slight dip in global rates. The international bullion rate eased by $2 to $3,643 an ounce, leading to a Rs200 decline in the local 24-carat gold rate to Rs386,300 per tola, according to the All Pakistan Gems and Jewellers Association.
The price of 10 grams of 24-carat gold slid by Rs172 to Rs331,189.
Silver also registered losses, with the per-tola rate down Rs13 to Rs4,443 and 10 grams lower by Rs11 to Rs3,807.
The association said prices reflect prevailing global market trends and currency movements.
Read: Gold prices retreat in Pakistan after reaching record highs
Earlier on Thursday, gold and silver prices fell in both international and domestic markets after reaching all-time highs in Pakistan.
In the international bullion market, the price of gold dropped by $36 per ounce to settle at $3,618. The decline pulled local prices lower as well, with 24-carat gold slipping by Rs4,100 per tola to Rs384,000.
The price of 10 grams also decreased by Rs3,515 to Rs329,218.
Silver mirrored the trend, with the price per tola falling by Rs36 to Rs4,326 and 10 grams easing by Rs32 to Rs3,736.
Bullion dealers attributed the fall to international market corrections and said local demand remained subdued amid price volatility.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ