Gold prices resume declining trend in Pakistan, global markets

Karachi: Gold prices in Pakistan recorded a decline on Saturday in line with their loss in the international market. In the local market, gold price per tola reached Rs439,836 after a decline of Rs1,100 during the day.

Similarly, 10-gram gold was sold at Rs377,088 after it fell by Rs943, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold price per tola reached Rs440,936 after a gain of Rs12,200 during the day.

The international rate of gold declined by $11 to reach $4,174 per ounce (with a premium of $20). Meanwhile, the price of silver also decreased by Rs48 to reach Rs6,716 per tola.