The price of 24-karat gold per tola dropped by Rs1,400 on Monday, settling at Rs444,900 compared to Rs446,300 on the previous trading day, according to data released by the All Pakistan Sarafa Gems and Jewellers Association.
Similarly, the rate of 10 grams of 24-karat gold fell by Rs1,200, reaching Rs381,430 from Rs382,630, while 10 grams of 22-karat gold slipped by Rs1,100 to Rs349,656 from Rs350,756.
In the global market, gold prices also saw a dip of $17, bringing the price down to $4,235 per ounce from $4,252.
Meanwhile, silver prices followed suit as the per-tola rate of 24-karat silver decreased by Rs12 to Rs5,261, while the price of 10 grams of silver dropped by Rs10 to Rs4,510.
International silver prices also fell by $0.26, reaching $51.60 per ounce, the association reported.