Gold prices fall sharply in Pakistan, globally

KARACHI: Gold prices fell sharply in both domestic and international markets on Friday, according to market data.

In the international bullion market, the price of gold dropped by $155 per ounce, bringing the new global rate to $4,545 per ounce.

Following the global trend, local bullion markets also saw a steep decline. The price of 24-karat gold per tola fell by Rs15,500 to Rs476,862 in Pakistan.

Similarly, the price of 10 grams of gold declined by Rs13,289 to Rs408,832.

Meanwhile, silver prices also dropped in the local market, with the price per tola decreasing by Rs972 to Rs8,232, while 10 grams fell by Rs833 to Rs7,057.