Silver prices on Monday hit a new high of Rs 700 per tola while gold prices declined to Rs 44,100 per tola on the local market, traders said. The price of silver reached a new peak of Rs 700 per tola up from Rs 690. The prices of silver per 10-gram also peaked to Rs 600 up from Rs 591.41. Silver was quoted at $24 an ounce on the international market, traders said.
Gold prices reduced to Rs 44,100 from Rs 44,200 per tola. The price of gold per 10-gram went down to Rs 37,800 from Rs 37,885, traders said, adding that the price of precious metal was quoted at $1,362.50 an ounce down from $1,368 on global market, they added.