Gold, silver prices fall in global, local markets

Gold and silver prices moved lower in both the global and Pakistani bullion markets, The Express Tribune reported. In the international market, gold dropped $31 per ounce to $4,119. Locally, the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) said the tola price of gold fell by Rs3,100 to Rs434,436.

The 10-gram gold rate eased by Rs2,658 to Rs372,458, while silver per tola slipped Rs100 to Rs6,488. Ten-gram silver also declined, dropping Rs86 to Rs5,562 according to the same association.

Earlier in the week, gold had fallen Rs4,300 per tola to Rs436,336 on Saturday, before rising Rs1,200 on Monday to Rs437,536. Silver reached a record Rs6,588 per tola on Monday and held that level on Tuesday, when gold rates were unchanged.