Gold prices continued to fall in the local market for the second day in a row, falling by Rs4,600 per tola on Thursday.
According to the Sindh Sarafa Association, the price of gold settled at Rs140,700 per tola, while the price of gold per ten gramme fell by Rs3,943 to Rs120,628.
The decline in the price of yellow metal comes after the rupee gained pace against the major currencies, rising by Rs4.7 versus the US dollar amid prospects of the IMF rescue plan being revived.
After a modest decline in value, the price of the precious metal in the worldwide market was at $1,831 per ounce.
Meanwhile, 10-gramme silver prices per tola stayed constant at Rs1,560 and Rs1,337.44, respectively.