Gold prices go down in local market

Gold rates in Pakistan registered a decline on Saturday, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The price of gold per tola slashed by Rs2,000, reaching Rs261,500.

Similarly, the 10-gram gold price dropped by Rs1714, selling at Rs224,194.

In contrast, silver prices remained stable at Rs2,950 per tola.

Spot gold fell 0.8% to $2,495.86 per ounce, having hit its highest since Aug. 20, when gold last scaled a record peak. U.S. gold futures settled 0.7% lower at $2,524.60.