The price of 24 karat per tola gold decreased by Rs 1,500 and was sold at Rs 279,300 on Monday against its sale at Rs 280,800 on previous trading day.
According to All Sindh Sarafa Jewellers Association, the price of 10 grams of 24 karat gold also decreased by Rs 1,286 to Rs 239,455 from Rs 240,741 whereas that of 10 gram 22 karat also went down to Rs 219,500 from Rs 220,679.
The prices of per tola and ten gram silver remained constant at Rs 3,350 and Rs 2,872.08 respectively.
The price of gold in the international market decreased by $15 to $2,675 from $2,690, the Association reported.
A day earlier, gold prices in Pakistan continued the upward trend as the global market loomed close to $2, 700 per ounce, according to media reports.
The all Sindh Saraf Jewellers Association stated that the gold further gained a sizeable value by Rs1400 to Rs280,800 per tola and Rs1201 to Rs240,741 per 10 grams.
However, the world market traded gold bullion for $2,690 per ounce, up by $14 while silver was selling at over $30 per ounce.
Local silver was priced at Rs3,350 per tola and Rs2,872.08 per 10 grams, according to the association.