Gold prices in Pakistan recorded a significant decline on Thursday, tracking a sharp fall in international bullion markets after recent gains.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs. 9,500, bringing it down to Rs. 494,662. Similarly, the price of 10 grams of gold decreased by Rs. 8,415 to settle at Rs. 424,092.

The latest drop comes just a day after gold surged sharply, when prices had climbed by Rs. 15,700 per tola to reach Rs. 504,162 amid global market uncertainty.

In the international market, gold prices fell by $95 per ounce, settling at $4,723 with an added premium of $20, reflecting easing safe-haven demand.

Silver prices also moved lower in the local market, declining by Rs. 300 per tola to close at Rs. 7,884.

Market analysts say fluctuations in global commodity prices and shifting investor sentiment continue to drive volatility in Pakistan’s bullion market.