KARACHI, March 13: Gold and silver prices in Pakistan declined again on Friday, extending the downward trend in the local bullion market after a drop in international gold rates.
The latest decrease follows Thursday’s fall of Rs2,900 per tola, when gold prices in Pakistan slipped after movements in the global bullion market.
Gold prices drop Rs2,900 per tola in Pakistan as global bullion market declines
Traders say continued weakness in international prices pushed domestic rates lower again on Friday.
Gold prices continue downward trend
In the international bullion market, the price of gold declined by $71 per ounce, bringing it down to $5,105 per ounce.
Following the global trend, the price of gold per tola in Pakistan dropped by Rs7,100, settling at Rs533,262 in the local market.
Similarly, the price of 10 grams of gold fell by Rs6,087, reaching Rs457,186, according to bullion market figures.
Silver prices also decline
Silver prices in Pakistan also recorded a noticeable decrease alongside gold.
The price of silver per tola declined by Rs324, reaching Rs8,851, while 10 grams of silver dropped by Rs278, settling at Rs7,588.
Bullion dealers say precious metal prices in Pakistan typically follow global market movements, while exchange rate fluctuations and local demand can also influence domestic rates.
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