Gold lost ground in Pakistan on Friday as a pullback in international prices dragged the local market lower, while silver also retreated after its recent record run.
In the domestic market, the price of gold per tola fell by Rs. 900 during the day to close at Rs. 454,862. The rate for 10-gram gold slipped by Rs. 772 to Rs. 389,970, according to figures shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
A day earlier, on Thursday, gold had settled at Rs. 455,762 per tola after a rise of Rs. 2,200 during the session.
In the international market, the price of gold declined by $9 to $4,325 per ounce (including a premium of $20).
Silver also went down, with the price per tola dropping by Rs. 52 to Rs. 6,848 in the local market.
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