Gold prices in Pakistan have witnessed a significant drop on Monday, as rates plunged to Rs 1,700 per tola.
According to the local Sarafa Association, the price per tola of gold fell by Rs 1,700, bringing it down to Rs 274,500.
Similarly, the price for 10 grams of gold decreased by Rs 1,457, settling at Rs 235,340.
In the global market, gold prices also saw a decline of $17, now priced at $2,633 per ounce.
Meanwhile, silver prices remained unchanged, with the rate for per tola holding steady at Rs 3,400.
The drop in gold prices offers some relief to buyers and reflects global market trends.
READ: Gold prices surge in Pakistan
A day earlier, the local Sarafa Association reported another increase on Sunday, as rates surged to PKR 283,400 per tola, in line with a fluctuation in the international market.
Similarly, the bullion market registered the price of 24-karat gold at Rs 242,970 per 10g on Sunday.
It is pertinent to mention that the price of gold in Pakistan fluctuates several times per the international market, so the cost is never fixed. Local gold markets and Sarafa Markets of various cities provide the above rates.
