Gold prices slipped in both international and domestic markets on Friday, bringing some respite to consumers.
In the global bullion market, gold fell by $10 per ounce to $3,740, a trend that soon reflected in Pakistan’s local markets. The price of 24-karat gold dropped by Rs1,000 per tola, closing at Rs395,800, while 10 grams fell by Rs858 to Rs339,334.
Silver also followed suit, with a tola losing Rs64 to stand at Rs4,599, and 10 grams dipping by Rs55 to Rs3,942.
Jewelers attributed the decline to global market movements, noting that buyers are hopeful for further reductions in rates.
