Karachi: Due to the decline in global prices, gold and silver prices have also fallen in local bullion markets.

The effects of the decline in global prices of gold and silver are also being felt in local markets. As the price of gold per ounce in the international bullion market fell by $4 to $4,713, the price of gold per tola in local bullion markets also fell by Rs400 to Rs493,662 on Saturday.

Similarly, the price of gold per 10 grams in the country has also fallen by Rs343 to Rs423,235.

Moreover, the price of silver per ounce in the global market fell by 12 cents to $80.29, which also led to a decline in prices in local bullion markets.

In local bullion markets, the price of silver per tola fell by Rs 12 to Rs 8,513 and the price of silver per 10 grams fell by Rs 10 to Rs 7,298.