Gold and silver prices fell sharply on Saturday in both local and international markets. The decline follows a day of bullishness, with 24-carat gold and international gold prices showing a notable drop.
According to the All Pakistan Sarafa-Gems and Jewellers Association, the price of 24-carat gold per tola decreased by Rs 4,700, falling to Rs 455,562. Similarly, the cost of 10 grams of 24-carat gold dropped by Rs 4,030, reaching Rs 390,570.
For 10 grams of 22-carat gold, the price fell by Rs 3,694 to Rs 358,035. These reductions come after a brief period of bullish trends in the domestic market.
Silver markets also down
Global gold prices also experienced a decline, with gold per ounce decreasing by $47 to reach $4,332. Silver saw similar trends, both locally and internationally.
In Pakistan, the price of silver per tola fell by Rs 106 to Rs 7,756, while 10 grams of silver dropped by Rs 91, reaching Rs 6,649. International silver prices also decreased by $1.06, trading at $72.81 per ounce.
