Domestic gold, silver rates drop after global price decline

International gold drops $29 per ounce; domestic gold per tola down Rs2,900

Gold and silver prices fell in both international and domestic markets on Thursday after a two-day break.

In the international bullion market, the price of gold per ounce dropped by $29 to $5,176.

Following the decline in global prices, gold rates in the local market also moved lower. The price of gold per tola decreased by Rs2,900 to Rs540,362.

Similarly, the price of 10 grams of gold declined by Rs2,486 to settle at Rs463,273.

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Silver prices also registered a drop in the domestic market.

The price of silver per tola fell by Rs179 to Rs9,175, while the rate of 10 grams of silver declined by Rs153 to Rs7,866.

The decline in precious metal prices comes after a brief pause in trading earlier in the week, with both gold and silver registering downward adjustments in line with movements in the international bullion market.