Gold prices in Pakistan continued their downward trend for the second straight day, with the price of one tola dropping by Rs1,000 to Rs361,300.
Alongside this, the rate for 10 grams of gold also dipped by Rs857, bringing it down to Rs309,756.
This constant fall is largely attributed to fluctuations in the global gold market, which have had a direct impact on local pricing. Investors point to international market trends as the key reason for this decline.
At the global level, spot gold rose slightly by 0.4% to $3,395.46 an ounce around 10:46 GMT, while U.S. gold futures slipped 0.1% to $3,414.40.
In other precious metals, spot silver climbed 1.7% to $36.96 an ounce, platinum increased 1.4% to $1,264.31, and palladium inched up 0.1% to $1,030.55.
Just a day earlier, one tola of gold was priced at Rs362,300, showing a drop of Rs700, as reported by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
That dip was tied to an $18 decrease in global gold prices, which had brought the international rate down to $3,414 per ounce.
Similarly, the rate for 10 grams of gold had declined by Rs600, settling at Rs310,613.