KARACHI:

Gold prices continued to decline for the third consecutive day in global and local markets on Tuesday. In the international bullion market, the price of gold decreased by $25 per ounce, falling to $4,125.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola also declined by Rs2,500 to Rs434,936. The price of gold per 10 grams decreased by Rs2,143, settling at Rs372,887.

Meanwhile, the price of silver per tola fell by Rs120 to Rs6,559. The price of silver per 10 grams also declined by Rs103, standing at Rs5,623.

Read: Gold falls Rs2,400 as global rates retreat

On Monday, gold prices in Pakistan also declined, tracking losses in the international market. In the local market, the price of gold per tola stood at Rs437,436 after falling by Rs2,400 during the day, according to rates released by the APGJSA.

Similarly, 10-gram gold was traded at Rs375,030, down Rs2,058.

On Saturday, the price of gold per tola closed at Rs439,836 after declining by Rs1,100. The decline came as investors weighed mixed signals from the US economy.