The gold prices in Pakistan Monday fell sharply as the Pakistan rupee gains ground against the US dollar after the government reached a deal with the International Monetary Fund, reported 24NewsHD TV channel.

The per tola price of 24 karat gold decreased by Rs.8,800 and was sold at Rs.207,200 on Monday against its sale at Rs. 216,000 the previous working day.

The price of 10 grams of 24 karat gold also decreased by Rs.7,544 to Rs.177,641 from Rs. 185,185 whereas the price of 10 grams 22 karat gold went down to Rs.162,837 from Rs. 169,753, All Sindh Sarafa Jewellers Association reported.

The price of per tola silver declined by Rs.50 and was 2,500 whereas that of ten-gram silver went down by Rs.42.87 to Rs.2,143.34.

The price of gold in the international market increased by $6 to $1912 from $1906, the association reported.