KARACHI (Web Desk) – Gold prices recorded a significant decline in both international and domestic markets on Friday, bringing relief to buyers amid a sharp correction in bullion rates.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola fell by Rs6,500 to Rs429,136 in local markets.
Similarly, the price of 10 grams of gold decreased by Rs5,573 to Rs367,914.
In the international market, gold prices dropped by $65 to $4,066 per ounce.
The decline in international bullion prices was reflected in domestic markets, resulting in a substantial reduction in local gold rates.Gold prices declined sharply in Pakistan, with the per tola rate falling Rs6,500 to Rs429,136, following a $65 drop in international markets.