Gold prices in Pakistan fell sharply on Wednesday, with the price of one tola of gold dropping Rs. 3,100 as international bullion prices also declined.
According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of one tola of gold fell to Rs. 434,436.
The price of 10-gram gold also declined by Rs. 2,658 to Rs. 372,458.
Gold had remained unchanged at Rs. 437,536 per tola on Tuesday.
The decline in Pakistan followed a drop in international gold prices, which fell by $31 to $4,119 per ounce.
Silver prices also moved lower in the local market. The price of one tola of silver decreased by Rs. 100 to Rs. 6,488.
The latest decline comes after gold had seen several sharp moves in Pakistan in recent weeks, reflecting fluctuations in international prices and other market factors.
