Gold, Silver Prices Close Lower in Year’s Final Session

News Desk 

Islamabad: Gold and silver prices ended lower in the final trading session of the year on Wednesday, tracking weakness in both local and international markets, traders said.

According to the All Pakistan Sarafa Gems and Jewellers Association, local gold prices dropped by Rs 2,500 per tola and Rs 2,143 per 10 grams, settling at Rs 456,962 per tola and Rs 391,771 per 10 grams.

In the international market, gold bullion prices fell by USD 25 to close at USD 4,346 per ounce, while silver prices declined by USD 2.12 to USD 72.43 per ounce, the association said.

Mirroring the global trend, domestic silver prices decreased by Rs 212 per tola and Rs 182 per 10 grams, reaching Rs 7,718 per tola and Rs 6,616 per 10 grams.

The association noted that gold and silver prices in the open market may vary from the rates officially set by the jewellers body. Input from Business Recorder.