KARACHI: Gold prices in Pakistan declined on Monday, extending losses from the previous trading session amid weakness in international bullion markets.
According to market data, the price of 24-karat gold fell by Rs3,094 per tola, bringing the new rate to Rs452,233. The price of 10 grams of gold decreased by Rs2,785 to Rs386,987.
The decline follows a sharp drop recorded in the previous session, when gold prices fell by Rs12,489 per tola and closed at Rs455,327.
International market trend weighs on prices
The downward movement in local gold rates mirrored losses in global markets, where the price of gold declined by $90.34 per ounce to $4,297.
Gold prices in Pakistan are influenced by international bullion trends, currency fluctuations, and domestic market demand.
Silver prices also decline
Silver prices also moved lower in the local market.
The price of silver fell by Rs94 per tola to Rs7,173, while the rate for 10 grams of silver declined to Rs6,116.
Market analysts continue to monitor developments in global commodity markets, which remain a key factor influencing precious metal prices in Pakistan.
Also Read: Gold Prices Crash on June 6 as Per Tola Rate Drops Rs12,489
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