KARACHI: On Saturday, the price of gold in the local market declined by Rs550 per tola and Rs472 per 10 gramme, in accordance with the global market.
Due to a downward trend in worldwide rates, domestic gold prices settled at Rs125,300 per tola and Rs107,424 per gramme.
The price of gold in the local bullion market had risen by Rs750 per tola and Rs643 per gramme the day before, to Rs125,850 per tola and Rs107,896 per gramme.
During the week ending December 18, the yellow metal earned Rs850 per tola on the local market.
Today’s worldwide gold price fell $10 per ounce to $1,799 per ounce.
Meanwhile, domestic silver prices stayed constant at Rs1,460 per tola and Rs1,251.71 per ten gram.