Gold prices in Pakistan suffered another major decline on Saturday, with the price of 24-karat gold dropping by Rs. 10,800 per tola to Rs. 409,736 as international rates continued to slide.
The price of 10 grams of 24-karat gold also declined by Rs. 9,259 to Rs. 351,282, according to the latest rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Silver prices followed the downward trend, falling by Rs. 142 per tola to Rs. 5,388.
Latest Gold and Silver Rates
| Item | Friday | Saturday | Change |
|---|---|---|---|
| 24-karat gold per tola | Rs. 420,536 | Rs. 409,736 | -Rs. 10,800 |
| 24-karat gold per 10 grams | Rs. 360,541 | Rs. 351,282 | -Rs. 9,259 |
| Silver per tola | Rs. 5,530 | Rs. 5,388 | -Rs. 142 |
| International gold per ounce | $3,980 | $3,872 | -$108 |
Gold Loses Rs. 15,900 in Two Days
Saturday’s decline extended a losing streak that began on Friday, when gold prices dropped by Rs. 5,100 per tola.
Gold had remained unchanged at Rs. 425,636 per tola on Thursday before recording consecutive sharp declines over the next two trading sessions.
With Saturday’s latest reduction, the precious metal has shed Rs. 15,900 per tola in just two days.
International prices also remained under pressure. Gold fell by $108 per ounce to $3,872, extending its decline below the psychologically important $4,000 mark.
