KARACHI, Pakistan – Web Desk: Gold prices continued to decline for a third consecutive day in both international and local markets, reflecting ongoing volatility in global bullion trading.
In the international bullion market, the price of gold dropped by $52 per ounce, bringing the new global rate to $4,714 per ounce, according to market data on Thursday.
Following the international trend, local bullion markets also recorded a sharp decline. The price of 24-karat gold per tola fell by Rs 5,200, bringing the new domestic rate to Rs 493,762 per tola.
Similarly, the price of 10 grams of gold decreased by Rs 4,458, settling at Rs 423,321.
Silver prices also moved downward in the local market. The price of per tola silver dropped by Rs 225 to Rs 8,099, while 10 grams of silver fell by Rs 193 to Rs 6,943.
Market analysts say the continuous decline reflects global uncertainty and shifting investor sentiment in commodity markets.
This marks the third straight day of downward movement in precious metal prices in both global and domestic markets.
