Gold prices decline in Pakistan following a drop in international bullion rates.
Gold prices declined in the international bullion market on Monday, with the price falling by $24 per ounce to $4,406.
The drop in global prices was reflected in Pakistan, where the rate of 24-karat gold decreased by Rs2,400 per tola to Rs463,136.
The price of 10 grams of 24-karat gold also fell by Rs2,058, settling at Rs397,064.
Silver prices followed a similar trend. The price of silver declined by Rs39 per tola to Rs7,059, while 10 grams of silver fell by Rs34 to Rs6,051.
Pakistan Stock Exchange KSE-100 Falls Below 175,000 Points
Gold prices in Pakistan generally move in line with international bullion rates. Changes in the rupee-dollar exchange rate can also affect local prices.
The latest decline comes after gold remained at historically high levels, keeping the precious metal in focus among investors, jewellers and consumers.
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