KARACHI: Gold prices declined in both international and local markets on Saturday, while silver rates moved higher, according to market sources.

In the international bullion market, gold fell by $43 per ounce to $4,155.57, reflecting weaker global demand and ongoing market fluctuations. Analysts say global trends continue to have a direct impact on local rates.

The decline was mirrored in Pakistan’s domestic market. The price of 24-karat gold per tola dropped by Rs43 to Rs437,993, while the price of 10 grams of gold fell by Rs39 to Rs374,166.

In contrast, silver prices increased. The price per tola rose by Rs16 to Rs6,962, while the rate per 10 grams climbed by Rs14 to Rs5,909. Market experts attributed the rise to global demand for silver and its investment appeal during gold price dips.

Market analysts noted that Pakistan’s precious metal prices remain closely tied to international trends. Any volatility in global gold and silver rates is quickly reflected in local markets, affecting both investors and consumers.

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