KARACHI: Gold prices saw a big fall on Friday, reflecting the international market downtrend, showing the bullion value under USD 4,000 per ounce, traders said.
They declined by Rs5,100 to Rs420,536 per tola and Rs4,373 to Rs360,541 per 10 grams, according to the All Pakistan Sarafa Gems and Jewellers Association.
World market lost USD 51, pushing gold bullion price down to USD 3,980 per ounce while silver shed USD 2.38, settling at USD 50.52 per ounce, it said.
Domestic silver market fell sharply, posting a decline by Rs238 and Rs204 to Rs5,530 per tola and Rs4,741 per 10 grams, the association added.
It is important to understand that the open market may trade gold and silver at different prices as compared to those set as per the interbank exchange rates by the association.
Copyright Business Recorder, 2026
Comments