Karachi: Gold prices recorded a steep decline in Pakistan on Saturday after a significant drop in international bullion markets, while silver prices also moved lower.

According to market data, the international gold rate fell by $124 per ounce, bringing the price down to $4,328 per ounce. The decline in global markets was reflected in local bullion rates across Pakistan.

The price of 24-karat gold per tola in Pakistan dropped by Rs12,489, settling at Rs455,327. Similarly, the rate of 10 grams of 24-karat gold decreased by Rs11,240 to Rs389,772.

Also Read: Gold Rates in Pakistan Today, Friday, June 5: Per Tola Price Falls by Rs1,469

Silver prices also decline

Silver prices followed the downward trend in the domestic market.

The price of silver per tola fell by Rs463 to Rs7,267, while the rate for 10 grams of silver declined by Rs421 to Rs6,202.

Bullion traders said local precious metal prices generally move in line with trends in international markets, where fluctuations in global demand, investor sentiment, and economic developments influence pricing.