KARACHI: Gold prices fell by Rs1,400 per tola on Saturday in the local market following a decline in international rates.

According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices dropped to Rs347,200 per tola.

Similarly, the price of 10-gram gold decreased by Rs1,200, bringing it down to Rs297,668.

In the international market, gold rates fell by $14, settling at $3,288 per ounce. Local gold prices are typically adjusted with a premium of $20 over international rates.

Silver prices decreased by Rs24 to Rs3,456 per tola.