All Pakistan Sarafa Gems and Jewellers Association announced a drop in gold prices across Pakistan.

The price for a tola of 24-karat gold plummeted by Rs10,400, setting the new rate at Rs340,500. Similarly, the price for 10 grams of 24-karat gold decreased by Rs8,917, bringing it down to Rs291,923. For 22-karat gold, the price for 10 grams fell by Rs8,087, now standing at Rs267,693.

The decline in prices is not limited to Pakistan alone; international gold prices also experienced a downturn. The global rate for gold fell by $104, with the new rate being $3,221 per ounce.

Silver prices followed suit, with a tola of 24-karat silver dropping by Rs17 to Rs3,400, and 10 grams decreasing by Rs15 to Rs2,914. Internationally, silver prices saw a minor decline of $0.17, setting the rate at $32.18 per ounce.