Gold and silver prices have recorded a major decline in Pakistan, bringing some relief to buyers as rates also fell in the international market.
According to the All Pakistan Sarafa Association, gold prices dropped again on Wednesday (today).
The latest decline has brought down the prices of both gold and silver in the local market.
Meanwhile, international gold prices also fell, reflecting a downward trend in the global market.
Latest gold prices in Pakistan
According to the association, the price of 24-karat gold fell by Rs3,000 per tola.
One tola of gold is now priced at Rs437,836, following the reduction.
Similarly, the price of 10 grams of 24-karat gold dropped by Rs2,572, bringing the new rate to Rs375,373.
Silver prices also dropped
Along with gold, silver prices also recorded a decrease in Pakistan.
According to the latest figures, the price of silver fell by Rs172 per tola.
One tola of silver is now available at Rs6,360.
Meanwhile, gold prices in the international market dropped by $30 per ounce.
Following the decline, the global gold rate reached $4,153 per ounce.
Previous gold rates
Previously, Gold prices in Pakistan rose, recovering some of the previous session’s losses as the precious metal gained in the international market.
The price of gold per tola increased by Rs900 to reach Rs440,836, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).