The precious metal dropped to Rs347,100, compared to Rs348,700 on the previous trading day, according to the All Pakistan Sarafa Gems and Jewelers Association.

Also read: Gold prices continue to drop in Pakistan and global markets – What’s behind this trend?

Similarly, the price for 10 grams of 24 karat gold fell by Rs.1,368, settling at Rs297,582 from Rs298,950. Meanwhile, 10-gram 22 karat gold also saw a decrease, now priced at Rs272,784, down from Rs274,047.

In contrast, silver prices remained unchanged, holding steady at Rs3,497 per tola and Rs2,998 per 10 grams.

On the international market, gold saw a slight dip of $16, dropping from $3,305 to $3,289, while silver prices remained at $32.97.