Karachi: Gold prices in Pakistan have recorded a decline for the fifth consecutive day, after which gold per tola fell to Rs 422,036. Gold prices also fell in the global market.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola fell by Rs 2,500 on Saturday, while 10 grams of gold fell by Rs 2,144 to Rs 361,827.
The price of gold in the global market was recorded at $3,995 per ounce after a decrease of $25. A day earlier, gold per tola became cheaper by Rs 7,000 in the local market.
On the other hand, the price of silver also declined. According to the available market report, silver fell by Rs 7 per tola to Rs 5,858.
Fluctuations in the prices of precious metals in the global market also affect the local bullion market. However, gold and silver prices may vary due to the city, shop and additional costs of jewellery manufacturing at the time of purchase.
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