Gold prices declined in both the international and domestic markets after a two-day break on Saturday. In the international bullion market, the price of gold fell by $11 per ounce to $4,174.

Reflecting the global trend, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in the local market decreased by Rs1,100 per tola to Rs439,836.

The price of 10 grams of gold also fell by Rs943 to Rs377,088.

Meanwhile, the price of silver declined by Rs48 per tola to Rs6,716. The price of 10 grams of silver also dropped by Rs42 to Rs5,757.

A day earlier, gold prices recorded a sharp increase in both international and local markets. In the international bullion market, the price of gold rose by $122 per ounce to $4,185.

According to the APGJSA, the local price of gold per tola increased by Rs12,200 to Rs440,936, while the price of 10 grams rose by Rs10,459 to Rs378,031.

Read: Global gold rally pushes local prices up by Rs12,200 per tola

The price of silver per tola increased by Rs319 to Rs6,764, while the price of 10 grams rose by Rs274 to Rs5,799.

On Thursday, Gold prices rose in global and local markets after five trading sessions, reaching a new high in the international bullion market. In the international bullion market, the price of gold per ounce increased by $91 to $4,063.

According to the APGJSA, locally, the price of gold per tola rose by Rs9,100 to Rs428,736, while the price per 10 grams increased by Rs7,802 to Rs367,572.

On Wednesday, gold and silver prices fell in both international and domestic markets, with the price of gold in the global bullion market declining by $52 to $3,972 per ounce.