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Gold prices in Pakistan dropped on Thursday after reaching a record high in the previous session. In the local market, the price of gold per tola dropped by Rs900, settling at Rs298,700.
Similarly, the price of 10-gram gold fell by Rs772, bringing it down to Rs256,087, according to the rates provided by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
On Wednesday, gold prices had surged by Rs5,300 per tola, reaching an all-time high of Rs299,600, as investors turned to the safe-haven asset amid an ongoing tariff war between the United States and China.
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Meanwhile, gold prices also declined in the international market on Thursday. According to APGJSA, the global rate stood at $2,859 per ounce (including a $20 premium), marking a $9 decrease during the day.
Meanwhile, silver prices dropped by Rs23, settling at Rs3,327 per tola.
