KARACHI: Gold and silver prices receded from all-time highs on Saturday, reflecting world market’s downtrend, traders said.
Gold prices dipped by Rs2,000, declining from record highs to Rs452,262 per tola. Similarly, value of per 10 grams dropped by Rs1,715 to Rs387,741, All Pakistan Sarafa Gems and Jewellers Association said.
In the world market, gold bullion prices fell from historic height by USD20, reaching USD4,299 per ounce while silver lost USD2.20, lowering from all-time highs to USD62 per ounce, the association added.
Following the downtrend, the domestic silver prices also reduced by Rs220 and Rs189, settling at Rs6,464 per tola and Rs5,541 per 10 grams, respectively, according to the association.
It is worth noting that the open market may trade gold and silver at prices different from those officially fixed by the association.
Copyright Business Recorder, 2025