Gold prices see significant decline in Pakistan

In the local market, the price of 24-karat gold decreased by Rs700 per tola, taking it to Rs275,000, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10-gram 24-karat gold also declined by Rs600, now standing at Rs235,768.

Globally also, gold prices faced a fall, with rates dropping by $6 during the day. According to the APGJSA, the international gold price stood at $2,653 per ounce.

Despite the hike in gold prices, the silver market remained stable, with the price of silver holding at Rs3,050 per tola.

Last month, gold prices in Pakistan had surged to a record high of Rs277,000 per tola, as the precious metal saw significant gains due to international market fluctuations.