Gold prices in the local market experienced a significant decline on Friday, with the price of 24-karat gold per tola falling by Rs4,900 to settle at Rs411,636. This drop occurred in line with a loss in the international market, where the price of gold decreased by $49 to $3,891 per ounce, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association (APGJSA).
The association reported that the price of 10 grams of 24-karat gold decreased by Rs4,201 to Rs352,911. Additionally, 10 grams of 22-karat gold declined by Rs3,851 to Rs323,513.
Silver prices also saw a downward trend on Friday. The price of silver per tola fell by Rs111 to Rs5,467, while the price of 10 grams of silver declined by Rs95 to Rs4,687. In the international market, the price of silver decreased by $1.11 to $49.89 per ounce.
On Thursday, the gold price per tola had reached Rs416,536 following a decline of Rs10,900 during that day.
