Gold prices declined in both international and local markets on Thursday as demand weakened following a brief rise a day earlier.

In the international bullion market, the price of gold fell by $10 per ounce, reaching $3,965, which led to a downward adjustment in domestic rates.

In Pakistan’s local markets, the price of 24-carat gold dropped by Rs1,000 per tola, settling at Rs418,862, while the price of 10 grams of gold decreased by Rs857, closing at Rs359,106.

In contrast, silver prices remained unchanged, with per tola silver steady at Rs5,034 and 10 grams holding firm at Rs4,315, according to local jewellers.

Spot gold climbed 1.9% to $4,004.75 per ounce as of 0918 GMT. U.S. gold futures for December delivery slipped 0.4% to $4,018.30 per ounce.

Elsewhere, spot silver rose 1.4% to $

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