A significant drop of Rs. 4,700 per tola in gold prices was recorded in the local market today.

According to the All Sarafa Association, after this decline, the price of gold per tola in Pakistan now stands at Rs. 301,500. Similarly, the price of 10 grams of gold decreased by Rs. 4,030, reaching Rs. 258,487.

Meanwhile, in the international market, gold prices dropped by $50, bringing the rate down to $2,883 per ounce.

It is worth mentioning that just a day earlier, gold prices had surged by Rs. 2,200 per tola.