Gold prices in Pakistan recorded a sharp decline on Friday, falling by Rs8,600 per tola after remaining unchanged in the previous trading session.
In the local bullion market, the price of gold per tola dropped to Rs519,962. Likewise, the price of 10 grams of gold decreased by Rs7,373, bringing the new rate to Rs445,783, according to figures issued by the All-Pakistan Gems and Jewellers Sarafa Association.
Silver prices also witnessed a fall in the local market. The price of silver declined by Rs501 per tola and settled at Rs8,324.
In the international market, gold prices moved downward as well. The price dropped by $86 per ounce, reaching $4,972 per ounce, which includes a premium of $20.