In the international market, the price of gold per ounce dropped by $29, settling at $4,685. This global retreat directly impacted local rates across Pakistan.
According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola decreased by Rs2,900, bringing the new rate to Rs490,862.
Similarly, the price for 10 grams of gold saw a reduction of Rs2,486, settling at Rs420,835.
Silver prices also followed the bearish trend. The price per tola of silver fell by Rs142 to reach Rs7,957, while the rate for 10 grams of silver decreased by Rs122, closing at Rs6,821
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