Gold prices in Pakistan fell on Wednesday, following a decline in the international market. The price of gold per tola dropped by Rs3,000 to reach Rs437,836.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold also decreased. It fell by Rs2,572 to settle at Rs375,373.
Read more: Gold prices rise by Rs 900 per tola
The decline followed a rise in local gold prices on Tuesday. At that time, the price per tola increased by Rs900 to reach Rs440,836.
Meanwhile, international gold prices also recorded a decline on Wednesday. The rate dropped by $30 to reach $4,153 per ounce.
Silver prices in the local market also moved lower during the day. The price of silver fell by Rs172 per tola to settle at Rs6,360.
The latest decline reflects the movement in international gold prices, which also influenced local rates. Gold prices in Pakistan often respond to changes in global market trends.
Read more: Gold prices decline by Rs 2,100 per tola
Market participants will continue to monitor international prices and local market rates for further changes. The latest figures show declines in both gold and silver prices across Pakistan.