KARACHI:
Gold prices declined in global and local markets on Saturday, with bullion rates in the domestic market falling in line with a drop in international prices. In the international bullion market, gold prices fell by $37 per ounce to $4,043 per ounce.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, the price of gold declined by Rs3,700 per tola to Rs426,736, while the price of 10 grams of gold decreased by Rs3,202 to Rs365,857.
Meanwhile, silver prices also recorded a decline, with the price per tola falling by Rs57 to Rs6,237. The price of 10 grams of silver dropped by Rs49 to Rs5,347.
On Friday, gold prices rose in global and local markets, with international bullion rates increasing by $30 per ounce to $4,080.
Read: Gold prices continue to rise in Pakistan on global market gains
According to APGJSA, gold prices in Pakistan climbed by Rs3,000 per tola to Rs430,436, while 10 grams increased by Rs2,572 to Rs369,029.
Silver prices fell internationally to $58.15 per ounce but increased locally by Rs79 per tola to Rs6,294. The price of 10 grams of silver rose by Rs68 to Rs5,396.
On Thursday, gold prices increased in both the international and local markets. In the international bullion market, the price of gold rose by $10 per ounce to $4,050.
According to the APGJSA, the local price of gold increased by Rs1,000 per tola to Rs427,436, while the price of 10 grams rose by Rs857 to Rs366,457.
Read more: Gold prices rise in local, global markets
Meanwhile, international silver prices fell by 76 cents per ounce to $57.36. In the local market, the price of silver declined by Rs76 per tola to Rs6,215 and by Rs65 per 10 grams to Rs5,328.
On Wednesday, according to the APGJSA, the price of gold per tola fell Rs1,000 to close at Rs426,436 in the local market. 10 grams of gold was quoted at Rs365,600, down Rs857.
On Tuesday, in the local market, the price of 24-carat gold dipped by Rs4,300 to Rs427,436 per tola, according to rates issued by the APGJSA. 10 grams of gold was quoted at Rs366,457, down Rs3,687.
On Monday, gold price had gained Rs4,000. Silver also weakened, shedding Rs174 to Rs6,223 per tola.
