The price of 24 karat per tola gold decreased by Rs4,700 and was sold at Rs301,500 on Saturday against its sale at Rs306,200 on the previous trading day, All Pakistan Sarafa Gems and Jewelers Association said.

The price of 10 grams 24 karat gold also decreased by Rs4,030 to Rs258,487 from Rs262,517 whereas that of 10 grams 22 karat went down by Rs3,694 to Rs236,955 from Rs240,649.

The price of per tola silver decreased by Rs87 to Rs3,363 and that of 10 grams went down by Rs74 to Rs2,883.

The gold price in the international market decreased by $50 to $2,883 from $2,933 whereas the prices of silver in the international market declined by $0.94 to $32.20, the association added.