Gold prices in Pakistan dropped on Thursday, reflecting a decline in the international market.
In the local market, the price of gold per tola fell by Rs9,500 to settle at Rs494,662.
Similarly, the price of 10 grams of gold decreased by Rs8,415, bringing it down to Rs424,092, according to figures released by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
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On Wednesday, gold prices had risen, with the per tola rate increasing by Rs15,700 to reach Rs504,162.
In the global market, gold prices declined by $95 per ounce, settling at $4,723, which includes a $20 premium.
Meanwhile, silver prices also saw a drop, falling by Rs300 to Rs7,884 per tola.
