Gold and silver prices declined in Pakistan’s local market, following a drop in international gold prices, according to the All Pakistan Sarafa Association.

The price of 24-karat gold fell by Rs2,100 per tola to Rs439,936.

The association also reported a decline in the price of 10 grams of gold. The rate dropped by Rs1,800 to Rs377,174.

Silver prices also moved lower. The price of 24-karat silver decreased by Rs23 per tola to Rs6,532.

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International Gold Prices Decline

Gold prices also fell in the international market. The price dropped by $21 per ounce to $4,174.

The decline in local gold and silver prices offers some relief to buyers. However, precious metal rates can change with movements in international markets and currency exchange rates.