Gold prices fall in Pakistan following a global dip, while silver records steady gains in the local market.
KARACHI: Gold prices in Pakistan declined on Saturday, tracking a slight dip in international bullion markets, while silver prices recorded a notable increase, according to market data.
In the global market, gold prices fell by $7 per ounce, settling at $4,746 per ounce, indicating a mild correction after recent fluctuations.
Following the international trend, domestic gold prices also moved downward. The price of 24-karat gold decreased by Rs.700 per tola, bringing it to Rs.496,962. Similarly, the price of 10 grams of gold dropped by Rs.600 to Rs.426,064.
In contrast, silver prices witnessed an upward trend in the local market. Silver rose by Rs.50 per tola to reach Rs.8,064, while the price of 10 grams increased by Rs.43 to Rs.6,913.
Market experts attributed the mixed trend to ongoing volatility in global bullion markets, where gold experienced a slight pullback, while silver continued to attract investor interest and demand.
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