Gold Prices declined for the second consecutive day in Pakistan and the international market on Wednesday, according to the All Pakistan Sarafa Association.
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The price of 24-karat gold fell by Rs1,000 per tola, bringing the new rate to Rs426,436.
Meanwhile, the price of 10 grams of 24-karat gold dropped by Rs857 to Rs365,600.
Silver Prices Rise
In contrast, silver prices moved higher during the day’s trading.
The price of 24-karat silver increased by Rs68 per tola and reached Rs6,291.
Global Market Update
Meanwhile, gold prices also weakened in the international market.
The international gold price fell by $10 per ounce, settling at approximately $4,040.
Market analysts said fluctuations in global bullion prices continued to influence Pakistan’s domestic gold market.
