Gold prices in Pakistan fell on Friday, mirroring losses in the international market.

In the local market, the price of gold per tola dropped by Rs3,300 to settle at Rs501,562, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10-gram gold declined by Rs2,829 to reach Rs430,008.

The drop follows a gain a day earlier, when gold per tola had risen to Rs504,862 after an increase of Rs1,400.

In the international market, gold prices decreased by around $34 to trade near $4,790 per ounce, contributing to the downward trend in domestic rates.

Meanwhile, silver prices also recorded a decline in the local market.

The per tola rate of silver fell by Rs70 to settle at Rs8,444.