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Gold prices drop for second consecutive day in global, local markets

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Gold prices fell for the second straight day in both international and local markets, reflecting a downward trend in precious metals.

In the international bullion market, the price of gold dropped by $9 per ounce, settling at $3,022.

Domestically, the price of 24-karat gold decreased by Rs. 800 per tola, reaching Rs. 318,000. Meanwhile, the price for 10 grams of gold fell by Rs. 686, bringing it to Rs. 272,633.

Despite the decline in gold prices, silver remained stable. The price of silver stood unchanged at Rs. 3,475 per tola and Rs. 2,979 per 10 grams.

This follows a similar trend from the previous day when international gold prices dropped by $19 per ounce, and local markets recorded a Rs. 2,000 decline per tola.

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