Gold prices fell sharply in both international and local markets on Friday following a steep decline in global bullion rates.
According to the All-Pakistan Gems and Jewellers Sarafa Association, the international price of gold dropped by $149 per ounce to $4,156.
In Pakistan, the price of 24-karat gold declined by Rs14,900 per tola to Rs438,036, while the price of 10 grams fell by Rs13,410 to Rs374,205.
Silver prices also moved lower. The price of silver per tola dropped by Rs413 to Rs6,946, while the price of 10 grams fell by Rs373 to Rs5,895.