The price of 24 karat gold per tola saw a decline of Rs. 1,600, settling at Rs. 347,100 on Monday, compared to its previous rate of Rs. 348,700, according to the All Pakistan Sarafa Gems and Jewelers Association.
Similarly, the price of 10 grams of 24 karat gold dropped by Rs. 1,368, from Rs. 298,950 to Rs. 297,582. The price of 10-gram 22 karat gold also fell, going down to Rs. 272,784 from Rs. 274,047.
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Meanwhile, the prices of silver remained unchanged, with the per tola rate holding steady at Rs. 3,497 and the 10-gram price at Rs. 2,998.
In the international market, the price of gold decreased by $16, moving from $3,305 to $3,289, while silver prices were recorded at $32.97, the Association reported.