Gold prices in Pakistan declined for a second consecutive session on Wednesday, following a drop in the international market.

The price of gold fell by Rs. 3,400 per tola to Rs. 427,436, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10-gram gold decreased by Rs. 2,915 to Rs. 366,457.

On Tuesday, gold had also become cheaper by Rs. 1,500 per tola, bringing its price to Rs. 430,836.

In the international market, gold prices dropped by $34 to $4,049 per ounce.

Meanwhile, silver prices moved in the opposite direction, increasing by Rs. 45 per tola to reach Rs. 5,768.