Karachi (Web Desk): The price of 24-karat gold experienced a significant drop, falling by Rs5,500 to settle at Rs320,000 per tola, down from Rs325,500 the previous day.
According to the All Pakistan Sarafa Gems and Jewelers Association, the cost of 10 grams of 24-karat gold saw a decrease of Rs4,714, bringing it down to Rs274,348 from Rs279,063.
In parallel, the price of 10 grams of 22-karat gold also declined by Rs4,322, dropping to Rs251,494 from Rs255,817.
The silver market mirrored the downward trend, with the per tola price of silver dipping by Rs460 to Rs3,120, compared to Rs3,580.
Meanwhile, the price of 10 grams of silver fell by Rs395, bringing it down to Rs2,674 from Rs3,069.
On the international front, gold prices fell by $51, settling at $3,038 per ounce, down from $3,089, while silver saw a reduction of $4.5, trading at $29.59 per ounce, compared to $34.09 earlier.