Gold prices in Pakistan recorded a significant drop on Tuesday while silver continued to hold its record level, the All Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported.
According to the body, the price of 24-karat gold per tola decreased by Rs4,000, finishing at Rs450,862. The cost for 10 grams of 24-karat gold fell by Rs3,429 to Rs386,541 whereas the price for 10 grams of 22-karat gold dropped by Rs3,143, settling at Rs354,342.
On Monday, gold per tola had risen by Rs2,600 to Rs454,862.
Gold prices also saw a decline in the global market. Data indicated that the price fell by $40 per ounce, reducing to $4,285.
Meanwhile, silver prices in Pakistan remained unchanged.
The price for 24-karat silver per tola held steady at Rs6,532, matching its historical peak. Ten grams of silver remained at Rs5,600.