Gold and silver prices recorded a significant decline in both international and domestic markets on Wednesday, following a fall in global bullion rates, the 24NewsHD TV channel reported on Wednesday.
According to the channel report, in the international market, the price of gold dropped by 68 dollars per ounce, bringing it down to 4,480 dollars per ounce.
The decline in global prices also affected the local bullion market, where the price of gold per tola fell by Rs6,800. Following the reduction, one tola of gold was priced at Rs470,362.
Similarly, the price of 10 grams of gold decreased by Rs5,830, taking the new rate to Rs403,259.
Silver prices also moved downward in the domestic market. The price of silver per tola declined by Rs125 and settled at Rs7,974.
Bullion traders said fluctuations in the international market continued to influence local gold and silver prices, leading to changes in rates across the country.
Reporter: Ashraf Khan