After a five days long speedy skyrocketing of the prices which touched the highest rates of yellow metal in Pakistan, the gold prices declined on Friday.

According to the 24News HD TV channel, a decline in gold prices was observed in the local markets after decreasing yellow metal rates in the international market.

Pakistan’s Jewellers Association reported on Friday that the price of pure gold of 24 karats was decreased by Rs300 per tola and traded at Rs2,25,000 per tola.

While the price of 10 grams of gold of 24 karat also decreased by Rs257 and traded at Rs1,92,901 per 10 grams.

The price of 10 grams of gold of 22 karats which is used for making jewellery also reduced and traded at Rs1,76,826 per 10-gram.

 In the International market, the rates of gold fell by US$8 per ounce and traded at US$2,036 per ounce on Friday.

On the other hand, the rates of pure silver of 24 karats increased by Rs80 per tola and traded at Rs2,950 per tola and Rs2,529.14 per 10-gram.