Gold prices fall, silver rates rise in Pakistan

KARACHI: Gold prices fell sharply in Pakistan on Monday in line with a decline in the international bullion market, while silver prices recorded gains, traders said.

In the local bullion market, the price of gold per tola dropped by Rs4,400 to Rs471,762, following a $44 per ounce decline in the international market, where gold settled at $4,494 per ounce.

According to the All Pakistan Sarafa Gems and Jewellers’ Association, the price of 10 grams of gold also fell by Rs3,773 to Rs404,459.

In contrast, silver prices moved higher. The price of silver per tola rose by Rs46 to Rs8,059, while 10 grams increased by Rs40 to Rs6,909.

In the global market, silver also gained, rising to $75.75 per ounce, reflecting upward momentum in international trading.