Gold prices in Pakistan declined on Wednesday, October 21, with the price of 24-karat gold falling by Rs900 per tola amid a downward movement in international bullion markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold settled at Rs434,536 per tola.
The rate for 10 grams of 24-karat gold decreased by Rs772 to Rs372,544, while 22-karat gold fell by Rs707 to Rs341,511 per 10 grams.
In the international market, gold declined by $9 per ounce, bringing its price to $4,120, according to the association’s latest rate sheet.
Silver prices also recorded losses in both domestic and international markets.
In Pakistan, 24-karat silver fell by Rs27 to Rs6,207 per tola, while the price of 10 grams declined by Rs23 to Rs5,321.
Internationally, silver dropped by $0.27 to $57.29 per ounce.
The association stated that domestic gold prices were calculated using interbank exchange rates.
The latest rate sheet was issued under the name of Muhammad Qasim Shikarpuri, president of the All Pakistan Sarafa Gems and Jewellers Association.