In the local market on Saturday, 24 karats per tola gold were sold for Rs 123,800, down from Rs 124,600 the day before.

The price of a gram of 24 karat gold fell by Rs 686 to Rs 106,138, down from Rs 106,824 when it was sold, while the price of a gram of 22 karat gold fell to Rs 97,294 from Rs 97,922.

Per tola and ten-gram silver prices remained unchanged at Rs1440 and Rs1234.56, respectively.

According to the Jewellers Group, the price of gold declined by $12 on the international market, trading at $1846 versus a selling price of $1858.

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