According to the All Pakistan Gems and Jewelers Association, on the last business day of the week, the price of gold per tola (11.66 grams) in local markets has decreased by Rs3,300, bringing the price down from Rs352,000 to Rs348,700.

The association also reported a drop in the price of 24-carat 10 grams of gold, which fell by Rs2,833. Now, 10 grams of 24-carat gold is being sold for Rs298,950 in local markets.

In the global markets, the price of gold per ounce has also fallen. The international price of gold dropped by 33 dollars per ounce, bringing it to 3,305 dollars.

Economic analysts say that the drop in gold prices is due to investors shifting their focus towards the dollar and other assets in the global market. If this trend continues, the price of gold may fall even further in the coming days. Experts also believe that uncertainty in the global economy and the slowing pace of inflation are causing investors to sell gold and invest in other assets, which is driving the price down.