Gold prices fall in Pakistan for second consecutive day

ISLAMABAD: Gold prices in Pakistan fell for a second consecutive day on Saturday, tracking declines in international markets, according to the All Pakistan Sarafa Gems and Jewellers’ Association.

The price of gold dropped by Rs400 per tola to Rs493,662, the association said.

The price of 10 grams of gold fell by Rs343 to Rs423,235.

In the international market, spot gold prices slipped by $4 per ounce to $4,713, dealers said.

Silver prices in the domestic market also declined, with the price per tola falling by Rs12 to Rs8,513.

Bullion dealers said fluctuations in global gold prices continued to influence local markets in Pakistan.