KARACHI (Dunya News) - Gold prices recorded a significant decline in Pakistan on Wednesday, with the drop in international bullion rates pushing domestic prices lower.
According to data released by the All Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold fell by Rs1,800 per tola, bringing the new price to Rs453,936 per tola.
The price of 10 grams of 24-karat gold also decreased by Rs1,544, settling at Rs389,176.
Meanwhile, the price of silver declined by Rs30 per tola to Rs7,008.
In the international market, gold prices dropped by $18 per ounce, reaching $4,314 per ounce. The decline in global bullion prices was reflected in the local market, resulting in lower gold rates across Pakistan.