ISLAMABAD: Gold prices continued their downward trend for a second consecutive day in both international and Pakistani markets, leading to a significant decline in local bullion rates.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs5,600, bringing the new rate to Rs424,136 per tola.
Similarly, the price of 10 grams of 24-karat gold fell by Rs4,801, settling at Rs363,628.
Silver prices also recorded a decline. The price of silver per tola decreased by Rs50, reaching Rs6,289.
In the international market, gold prices remained under pressure, with the price of the precious metal falling by $56 per ounce to $4,017.
