After prices remained stable on Thursday in Pakistan’s bullion market, gold and silver prices recorded a significant drop on Friday.
According to the rates issued by the All Pakistan Gems and Jewelers Association, the price of 24-karat gold per tola fell by Rs 5,100 to Rs 420,536.
Similarly, the price of 10 grams of gold fell by Rs 4,373 to Rs 360,541, while the price of 10 grams of 22-carat gold was recorded at Rs 330,507.
Along with gold, silver prices also saw a decline. The price of silver per tola in the country fell by Rs 238 to Rs 5,530.
The rate of 10 grams of silver also fell by Rs 204 to Rs 4,741.
The prices of precious metals in the global market were also under pressure. According to the association, the price of gold per ounce fell by $ 51 to $ 3,980.
The price of silver per ounce in the global market also fell by $ 2.38 to $ 50.52.
The effects of fluctuations in the global prices of precious metals were also noticeable in the local bullion market.
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