The price of 24-karat gold in Pakistan dropped by Rs200 per tola, now selling at Rs358,100 compared to Rs358,300 in the previous session, according to the All Pakistan Sarafa Gems and Jewelers Association.

Similarly, the rate for 10 grams of 24-karat gold fell by Rs171 to Rs307,013 from Rs307,184. The price for 10 grams of 22-karat gold also declined by Rs157, reaching Rs281,438 from Rs281,595.

Silver prices followed the downward trend, with per tola falling by Rs59 to Rs4,072, and 10 grams down by Rs51 to Rs3,491.

In the international market, gold rates slipped by $2 to $3,354 from $3,356, while silver bucked the trend, rising by $0.59 to $38.39.

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The drop in gold prices comes amid fluctuating global trends and cautious investor sentiment. While silver showed resilience internationally, local bullion rates were pressured by a combination of currency factors and global market adjustments. This could present short-term buying opportunities for traders but also signals uncertainty ahead, especially for those watching international price movements closely.