The declining trend in gold prices persisted on Saturday as international and domestic markets recorded further reductions.
According to reports, the international bullion market saw gold prices fall by $9 per ounce, settling at $3,335.
The dip in global prices impacted the local market, where the price of 24-carat gold per tola dropped by Rs900 to Rs356,200.
Similarly, the price of 10 grams of gold fell by Rs771, reaching Rs305,384.
Silver prices also declined, with per tola silver dropping by Rs41 to Rs4,031 and 10 grams by Rs36 to Rs3,455.
Read: Reserves edge up, rupee gains for 4th week
On the other hand, the Pakistani rupee extended its upward momentum, marking its fourth consecutive week of gains against the US dollar.
According to Ismail Iqbal Securities, the local currency appreciated 0.06% day-on-day to close at 282.06 against the greenback.
On a calendar-year-to-date basis, however, the rupee has depreciated 1.25%, while in the current fiscal year to date, it has gained 0.60%.
AKD Securities noted that the rupee gained for the fourth consecutive week against the US dollar.
