The price of 24-karat gold decreased by Rs7,000 on Tuesday and was traded at Rs423,662 per tola compared to Rs430,662 on last trading day, All Pakistan Sarafa Gems and Jewellers Association reported.
Similarly, the price of 10 grams of 24-karat gold decreased by Rs6,002 to Rs363,221 from Rs369,223, while 10 grams of 22-karat gold went down by Rs5,502 to Rs332,964 from Rs338,466.
In the international market, gold prices went down by $70 to $4,013 as against $4,083.
The silver prices also witnessed downward trend as the per tola rate of 24-karat silver decreased by Rs123 to Rs5,245 from Rs5,368, and the 10-gram price by Rs106 to Rs4,496 to Rs4,602.
International silver also dipped by $1.23, to $49.73 from $50.96, the association added.