According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs600, bringing it down to Rs481,862, compared with Rs482,462 recorded in the previous session.

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Similarly, the price of 10 grams of 24-karat gold declined by Rs515 to Rs413,118, down from Rs413,633. Meanwhile, 10 grams of 22-karat gold became cheaper by Rs472, settling at Rs378,705 against Rs379,177 earlier.

Silver prices also moved lower in the domestic market. The rate of 24-karat silver per tola dropped by Rs43 to Rs9,482, while 10 grams of silver decreased by Rs37 to **Rs8,129.

On the global front, precious metals faced mild pressure as well. International gold prices slipped by $6 to $4,595, while silver lost $0.43, closing at $90.07, the association reported.

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Market watchers say global price movements and currency fluctuations continue to influence local gold and silver rates, keeping investors cautious in the short term.