The price of gold in the country continues to decline and on Friday, gold became cheaper by another Rs 4,900 per tola, while the price of silver also recorded a decrease.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola has become Rs 411,636, which is Rs 4,900 less than the previous rate.
Similarly, the price of 10 grams of gold decreased by Rs 4,201, after which the new price was set at Rs 352,911.
A decrease in the price of gold was also seen in the global market, where gold per ounce became cheaper by $49 to $3,891.
On the other hand, a decrease in the price of silver was also recorded in the country. According to the latest available rate, silver was sold for Rs 5,751 per tola, while 10 grams of silver was sold for Rs 4,929.
Fluctuations in gold prices in the global market also have an impact on the local gold market. In addition, the exchange rate of the rupee and the dollar also affects local rates.
