ISLAMABAD: Gold prices witnessed a decline in both international and local markets on Tuesday, bringing some relief for buyers after recent fluctuations.
According to market data, the price of gold in the international bullion market dropped by $24 per ounce, bringing the new rate to $4,530 per ounce.
Following the downward trend in global markets, local bullion rates in Pakistan also recorded a decline.
The price of 24-carat gold per tola decreased by Rs2,400, settling at Rs475,362 in local markets.
Similarly, the price of 10 grams of gold also moved lower and declined to Rs 407,546 after the latest adjustment.
Silver prices also followed the same trend.
In the international market, silver prices fell by $1.53 per ounce, reaching $76.33 per ounce.
As a result, the local price of silver per tola declined by Rs153, bringing it down to Rs8,117, while the price of 10 grams of silver fell by Rs131 to Rs6,959.
Market analysts say local bullion prices continue to reflect movements in international commodity markets and changes in investor sentiment
