The price of gold decreased Thursday as the US dollar lost ground against the Pakistani rupee, reported 24NewsHD TV channel.

The price of 24-carat gold has fallen by Rs1050 per tola.

With this drop, the price of 24-carat gold has dropped to Rs141,150.

The price of 10-gram 24-carat gold has also been reduced by Rs901 to Rs121,013.

The price of 10-gram 22-carat gold has also dropped to Rs111,930.

The price of 24-carat silver saw a Rs50 increase per tola to reach Rs1570.

The price of 10-gram 24-carat silver also saw a Rs42087 increase to reach Rs1346.02.

The cost of gold has decreased by $16 per ounce in the global market. The international rate for gold per ounce has now reached $1714.