The price of 24-karat gold fell by Rs1,000 on Wednesday, trading at Rs434,762 per tola compared to Rs435,762 on the previous day, according to the All Pakistan Sarafa Gems and Jewellers Association.
Similarly, the rate of 10 grams of 24-karat gold dropped by Rs857 to Rs372,738 from Rs373,595, while 10 grams of 22-karat gold declined by Rs786 to Rs341,688 from Rs342,474.
In the international market, gold prices also slipped by $59, falling to $4,124 from $4,134.
Meanwhile, silver prices moved upward. The per tola price of 24-karat silver increased by Rs81 to Rs5,424 from Rs5,353, and the rate for 10 grams rose by Rs69 to Rs4,658 from Rs4,589.
International silver prices also went up by $0.81, reaching $51.72 from $50.91, the association said.