Gold prices fell sharply across Pakistan on Monday, tracking losses in the international bullion market.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold declined by Rs. 3,800 per tola, bringing it down to Rs. 429,736.

The price of 10 grams of gold also dropped by Rs. 3,258, settling at Rs. 368,429.

The decline follows a gain on Saturday, when the price of gold had increased by Rs. 1,100 per tola to reach Rs. 433,536.

In the international market, gold prices fell by $38 per ounce to $4,073, including a premium of $20, putting downward pressure on local rates.

Silver prices also moved lower, with the price per tola falling by Rs. 123 to Rs. 6,339.