KARACHI: Gold prices in Pakistan continued to decline sharply for the second consecutive day amid a sharp decline in international prices.
Data shared by the All Pakistan Gems and Jewelers Association showed that gold has become cheaper by Rs61,000 per tola in the last two days. On Saturday alone, the price per tola fell by Rs25,500, bringing the new price to Rs511,862.
Similarly, the price of 10 grams of gold fell by Rs21,862 during the day, while the two-day decline reached Rs52,297. The new price of 10 grams is now Rs438,839.
The price of gold per ounce in the global market fell by $255 to $4,895 per ounce.
The price of silver also saw a decline, falling by Rs2,063 to Rs9,006 per tola.
Traders attributed the sharp changes to volatility in international bullion markets.
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