According to the All Pakistan Gems & Jewelers Association, the price of gold has dropped by PKR 35,500 per tola, bringing the rate to PKR 537,362 per tola.

Similarly, the price of 10 grams of gold has decreased by PKR 30,435, now standing at PKR 460,701.

Also Read : Buying Gold Now Becomes Almost Impossible for Common People

A decline in gold prices was also observed in the global market, where the price of one ounce of gold fell by $355 to $5,150.