The price of 24-karat gold dropped by Rs1,500 per tola on Friday, selling at Rs355,700 compared to Rs357,200 the previous day, according to the All Pakistan Sarafa Gems and Jewellers Association.
Similarly, the rate for 10 grams of 24-karat gold fell by Rs1,286 to Rs304,955 from Rs306,241, while 10 grams of 22-karat gold declined by Rs1,179 to Rs279,552 from Rs280,731.
Meanwhile, silver prices remained unchanged at Rs4,013 per tola and Rs3,440 per 10 grams.
In the international market, gold slipped by $15 to $3,330 from $3,345, while silver held steady at $37.80, the association added.