Pakistan, May 8 -- Gold prices declined sharply in both international and local markets on Friday, while silver recorded gains. In Pakistan, the price of gold per tola fell by Rs2,700, reflecting continued volatility in the bullion market. The movement follows recent fluctuations driven by global price changes.

According to the All-Pakistan Gems and Jewellers Sarafa Association, gold per tola dropped to Rs494,062 in the local market. The price of 10 grams of gold also decreased by Rs2,315 to Rs423,578. Internationally, gold per ounce fell by $27 to $4,717, contributing to the local downturn.

Read more: Gold prices up by Rs 11,100 per tola

In contrast, silver prices moved upward in domestic trading. The price of silver per tola increase...