Gold prices on Friday declined in both international and local markets, while silver prices recorded an increase. In the international bullion market, the price of gold per ounce fell by $27 to $4,717.
According to the All-Pakistan Gems and Jewellers Sarafa Association, in the local market, the price of gold per tola declined by Rs2,700 to Rs494,062. The price of 10 grams of gold also decreased by Rs2,315 to Rs423,578.
Meanwhile, the price of silver per tola increased by Rs80 to Rs8,525. The price of 10 grams of silver also rose by Rs68 to Rs7,308.
Spot silver rose 2.3% to $80.31 per ounce, platinum gained 1.5% to $2,051.31, both headed for a weekly gain. Palladium was up 1.5% at $1,503.77, but was on track for a weekly loss of 1.3%.