KARACHI: Gold prices continued to witness volatility in Pakistan on Wednesday, with the price of one tola of gold falling by Rs. 8,600 in the local market.
According to market data, the price of one tola of gold dropped to Rs. 467,762, while the price of 10 grams of gold decreased by Rs. 7,373 to Rs. 401,030.
The decline followed a downward trend in international markets, where gold prices fell by $86 per ounce, bringing the global rate to $4,454 per ounce.
Silver prices also registered a notable decrease. The price of one tola of silver fell by Rs. 259 to Rs. 7,894 in the domestic market.
Bullion traders attributed the fluctuations to changing trends in global precious metals markets and investor sentiment.
More read, Gold prices decline in Pakistan as silver rates rise
Earlier, gold prices in Pakistan witnessed a significant decline, while silver prices recorded an upward trend amid fluctuations in the international bullion market.
According to market data, the price of gold per tola dropped by Rs.4, 400, bringing it down to Rs.471, 762. Similarly, the price of 10 grams of gold decreased by Rs.3, 773, settling at Rs.404, 459.
In the international market, gold also saw a decline of $44 per ounce, reaching $4,494, reflecting pressure in global trading activity.
In contrast, silver prices moved upward both locally and internationally. In Pakistan, the price of silver per tola increased by Rs.46, reaching Rs.8, 059, while the price of 10 grams rose by Rs.40, reaching Rs.6, 909.
On the global front, silver was recorded at $75.75 per ounce, indicating a mild strengthening in demand for the metal despite volatility in precious metals markets.
