Karachi: Gold prices have further declined today, resulting in gold becoming cheaper in global and local markets. In the international bullion market, the price of gold per ounce fell by $255 on Saturday, bringing the new global price to $4,895 per ounce. Similarly, in the local bullion markets, the price of 24-carat gold per tola fell by Rs25,500 on the last day of the business week, bringing the new price to Rs511,862, while the price of 10 grams of gold fell by Rs21,862 to Rs438,839.