Gold prices in Pakistan declined on Saturday, falling below Rs. 440,000 per tola as international rates moved lower.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold fell by Rs. 1,600 per tola to settle at Rs. 439,036. The price of 10-gram gold also dropped by Rs. 1,372 to Rs. 376,402.

The decline came a day after gold prices rose by Rs. 2,800 on Friday to reach Rs. 440,636 per tola.

International Gold Prices

In the international market, gold prices decreased by $16 to settle at $4,165 per ounce, putting further pressure on domestic rates.

Gold Loses Rs. 3,000 Per Tola This Week

Despite Friday’s recovery, gold recorded a net weekly decline of Rs. 3,000 per tola. The precious metal had closed at Rs. 442,036 per tola last Saturday.

Prices fluctuated throughout the week. Gold fell by Rs. 2,100 on Monday before recovering Rs. 900 on Tuesday. It then dropped by Rs. 3,000 on Wednesday, remained unchanged on Thursday, and rebounded by Rs. 2,800 on Friday.

Saturday’s decline erased part of that recovery.

Silver Prices Also Decline

Silver prices followed gold lower, dropping by Rs. 81 per tola to settle at Rs. 6,175. The metal recorded a weekly loss of Rs. 380 per tola.